I find if I ask too many questions at once, I am unable to retain the copious amount of information that is supplied from the knowledgeable people here on BP

Lots of families do not probate the estate because 1) most attorneys require a cash retainer on the low valued estates, and 2) the relatives are aware of the debt.

If the partnership retains it (and it needs to retain some for cash reserves), the partners will still owe tax.And one final point on taxes.

My goal with Bigger Pockets is to network with like minded people and to learn and retain as much information as I possibly can.

But it retains its eclectic, piecemeal, down-at-the-heels charm, which is part of the fun. 

No matter what number she comes out with, even if you love it, act as if she just swung a bat at your head.With rents in the $700 per door zone, you do not have to hit the 2% mark to get a good deal and retain real cash flow.

The Seller retains title to the real property granting the Buyer utility of the real property until the terms of the LC/CFD are fulfilled and then title fully conveys to the Buyer.

If they restricted the entire Larger Parcel and then built the Condo Project, so that the vacant land is covered with some form of restrictions as well, you will have to see what rights the developer retained within the CC&R to further develop the next phase of the project or to see what requirements you might have to meet in relation to build.

Prepaid deposits retained along with prepaid taxes or insurance premiums should be adjusted.

Not sure about your state, but in Florida, you have to retain a lawyer who then registers with the court for a Writ of Possession which a judge needs to grant.