My oppinion is big advantage to delinquent taxpayer because it is more options available for making money renting and preservation improvements in the first 3 years under the old Alabama procedure.

The one area I'm further from confidence on is the planted pine. 

He does not have turn key's but I think he can add value to your knowledge base + it would be wise to have the knowledge to create your own team when out of state investing because if the turnkey company turns out to not meet your expectations you need the confidence to fire them and build the team on your own as Jordan has.

Things I'm not entirely sure yet/Would like to get inputs:1) Never dealt with hard-money lenders so far and would like to know more2) Never dealt with wholesalers, so keen for feedback on what to look out for2) I have a breakdown of repairs, will share if required but confident that this will come under 75k (Current estimate is 60k)Open to any suggestions. 

I am sure you learned something on the deal as everyone has teaching points and ways to improve on the next one.Happy hunting!

What's the best way to structure a counter offer to protect myself while completing improvements and construction of shop while we are in "pending" status?

What's the best way to structure a counter offer to protect myself while completing improvements and construction of shop while we are in "pending" status?

However, if you continue to be consistant and learn from what isn't working and implement new and improved strategies, then you'll greatly increase your chances of success. 

If you have gain you'll use your original acquisition price, plus improvements, less depreciation as basis (adjusted tax basis). 

Hey guys,             I wanted to start a little discussion mainly to educate myself, build some self confidence from others more experienced and hopefully continue a road map for others like myself.