It must be a true sale.Remember loans have nothing to do with your basis or gains.

If it is not an FIBI you may want to leave you credit card at home.http://www.meetup.com/Commercial-Real-Estate-Mastermind-Network/Here is a commercial club I put on.

It is historically tried and true, and offers some of the best benefits (leverage, depreciation, cash-flow, etc.)

I'm a foreign investor (but have green card) and have no income history in the states.

As far as not being able to get below market value, well that's true, but as I expect appreciation to occur, in a year or three I will have made up for the net-loss up front, and over time hopfully the newer materials, mechanicals, and transparency of the house (e..g, no furniture to get in the way of inspections) will pay dividends in the bottom line.

Sounds in the clouds, but it's true.

@Apollos HallWow, what a dream come true to have $800,000 to invest.Personally I would use half of the funds to purchase a run down multifamily complex in a B class area that has quiet a few vacancies.Use some of the remaining funds to rehab the vacant units and once rehab is complete get them tenanted increasing the occupancy to 90%+.Potentially look at selling to or just holding for cash-flow would also be an option.Just my 2 cents heheThanks and all the best.

Assuming rents will increase in all areas isn't really true if there are alternative choices for tenants.

Is this true, does anyone have a direct link to where I can read these laws?

We have sent tons of letters and post cards.