I highly recommend checking and verifying IDs.

Should be the same effective date but you can wait a couple days to cancel and just tell them to cancel effective the day the new policy went into effect.

People said prices were out of control and way too high in 2014-2016 (you can find many threads on BP about it). 

Additional streams of income:1) Have mortgage broker present at open house (and charge them "$5000"%) to pre-approve those who want it (but don't make that a requirement to bid).2) Sell the bidder list to other investorsI have not seen any such ads in my area and I'm wondering if it's because this system is not effective or is it because nobody is utilizing it?

However, upon transferring it back to your dad, the basis is not relevant anymore.In the end I would highly recommend you reach out to a tax professional here to get this sorted out.

I agree with the sentiment of "you must be highly organized." 

Agreed, it will impact the convenience and may strain with high-income tenants..  

Luckily I stayed in the car and they let me drive away.The problem with some of these C class areas are that you're going to get high vacancy, evictions, and high turn costs with tenants damaging the property. 

We advise our clients to use other strategies that we provide, that are more effective, for people willing to put a little new thought into investing.

(probably not-they've got the 'high-ground')But like my dad used to say: "Ya don't know how far a frog will jump, 'till ya pock it!"