To further complicate things there is a good chance that the owner does NOT know that your intent is to wholesale the deal once you get it under contract!

the egress window shouldn't be a big deal if it's a walk out basement...just have a guy do some demo work and then frame it up for a window..use treated lumber for anything that touches block/brick/ground..if it's block or brick on the perimeter, have a mason come in after him to make it look good...make sure to verify egress requirements..in my area they get complicated..windows have to have so much surface area of glass, so much square feet of openable area (can't open both sashes at the same time), so much distance from floor, etc.

(Again, a good reason to keep your books in accordance with GAAP).Insurance assignments can get complicated as I have had losses during a sale, but generally you may want to address any loss in the same way as customary in a real estate sale contract, assigning any losses to the buyer and continue to sell or avoiding the contract and losses retained by the seller.Any significant asset or titled property needs to be listed (generally in an addendum) with the nominclature, serial number and by title as required by state law.

If the original set up is too complicated for you I am sure you can find someone to set up a site that you can maintain.

It doesn't matter the type of business (sole-proprietorship to complicated corporation), you have to have a salary for your company to make an SD401k contribution.

This is all way too complicated.

Wow...no wonder commercial is so much more complicated!

If for the area utilities are included then separating out will likely just make tenants move down the street and you won't recoup your cost.If utilities included is uncommon for the area and the owner was just trying to fill them up or you have an outdated building then you want to look into off loading costs onto the tenant.Water and heat is only going to go up over the years as we deplete natural resources.You want tenants paying for that or your bottom line will be eaten up.This is the number ONE concern I hear from clients that own hundreds of units.Apartment foreclosures you can look online on Costar and Loopnet and for foreclosures in process usually you can look in the legal notice in the paper or court filing.It depends on what state you are in and judicial or non-judicial process and lender required notices with intent to foreclose and if those have to be recorded.You also need to look at new permits and zoning applications to see new apartment product slated to come on the market now and in the next few years.

Tim Czarkowski You are in a judicial foreclosure state which is totally different from my experiences in CA.

Sometimes we make it more complicated than it is.