That land is directly in the path of growth with many local farmers in the area selling their land to developers putting in high density housing. 

If all those are growing and in the right direction, you're actually hoping over time the property becomes even less intrinsic to buy so the earlier you get it(assuming price moves up over time) the better. 

I suspect you will get direct messages from a few who will propose helping you secure a $50K line of credit, help you buy a home in the lowest barrier neighborhoods in Philadelphia and then help secure a section 8 renter.

Someone I know owns section 8 properties, he doesn’t have any issues and the rent gets deposited directly to his account.

Hey @Sun Casper, the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

Alternatively, you could consider marketing directly to sellers as another option.

You should obviously have your attorney (Steeped in Colorado landlord/tenant law) review the document or just get a form directly from your attorney.

It is directed towards investors who share you beliefs.

• Purchased directly from a mom-and-pop operator off-market• Secured $1M credit union loan and raised $500K equity to close• Existing owner had inflated expenses and below market rents• In-place rents approximately 30% under market at purchase• Expense ratio at least 10% above the norm How did you find this deal and how did you negotiate it?

Alan, does the old owners lead cert transfer over as well if it hasnt expired yet?