Some of the units of this property are dated, while a couple have already been updated.

You can also recite the date of the tax auction, the auction buyer (if different from you) and then the chain of title to you (if you were not the original buyer) but that is also not necessary.  

My daughter is currently a Freshman at an urban university and I have been interested in buying a property where she could live with fellow students while charging rent. 

Dear fellow SoCal investors, For those of you who Wholesale and/or Fix and Flip in the Inland Empire (Riverside, San Bernardino, Ontario, Fontana, Rialto, etc.) do you have a business license?

Dear fellow investors,My post comes in part 1 and part 2; the efficacy of the LLC protection, the other to address the setting up an irrevocable trust in a community property state.1.

That amount will be less in the first year of ownership because it's prorated to the date you placed it in service (bought it).Whether you can benefit from that deduction or not may be the point of contention with your CPA.

If he's a fellow member of the LLC then you'll want to be sure your membership interests are in relation to the capital you are contributing unless you're doing a complex deal where services are contributed instead of capital. 

Account Closed nice to see a fellow Texan posting on here. 

I have locked in the rate until after closing already (although I'm currently discussing extending this date since my closing is being pushed back due to government shutdown).

Similar sized houses in the neighborhood that are up to date are ranging from 650-850k.