Didn't need a ton of work and he stands to make around $150k profit.

Would a bank give you $75% of the assessed value and if they did that where would you stand?

Surely the local REIA is a good place to start, but what makes the "best" stand out from the rest?  

I don't see the current deal as it stands as one that will prevent this discussion from coming up again in a year or two, and will perhaps not even fly this time with the renewed push this week from the IMF for a debt writedown. 

It's initially looking like I may stand to make about $100,000 or so, during the course of the next year.

There was another similar post here recently:http://www.biggerpockets.com/forums/52/topics/2025...I stand by my opinion in that post.

The only heat source for the second floor apartment is a large free standing natural gas furnace that is 14 years old.

File the copy no earlier than the first day of the year of change and no later than the date the original is filed with the federal income tax return for the year of change (or if applicable, for the tax year in which the CFCs or 10/50 corporation’s year of change tax year ends)"Based off that, I stand by my original statement: "This means if the year of the change was 2015, you would file Form 3115 with your 2015 returns with the deadline of Oct. 15th, 2016."

If you have it in writing somewhere that you were going to rent it furnished and they agreed then you may have something to stand on.  

Hello BP,How do you choose your next investment property from a buy & hold stand point?