Welcome to BP @Katrina E McMahon! 

@Chris Seveney I agree that most of the risks which were said prior can all be mitigated by proper due diligence.

This may play a factor in the strategy on how to handle this situation.It doesn’t seem like there would be reasonable time for the seller to make a proper repair before closing, so best approach would be to request a seller credit.

I heard that if we do not fill the tax return forms properly we will be fined about $600 each. any response is appreciated.thansk

Great for buy & holds with fewer opportunities for proper flips

The other is to deduct as unreimbursed partner expenses on Schedule E."

Libs, Fishtown, south Philly, Brewerytown, outskirts of U-City), buy and hold markets (Olney, Strawberry Mansion, Germantown, Cobbs) and then the neighborhoods that function as both flip and rentals (which usually means the BRRR gold mine reigons) like Cedar Park, Sharswood, Port Richmond, E.

With proper notice, you are allowed to enter to premise.

I’m going to focus on researching how to properly vet a GC as this will be my first time working with one!

However, I recommend you document the change of ownership and that the lease remains in place.You should only have someone else sign for you if they have the proper authority.