Accountants are in such demand, that the best are not even accepting clients half the time.The other problem I see often with accountants on here is that they specialize in larger investors, and have really high prices when you as a smaller investor do not need all the bells and whistles.Another thing I see is folks thinking they need to have a tax professional in their state.

BUT, if housing becomes that cheap, how many renters will switch from being a renter to being a home owner thereby shrinking the rental market and thereby the demand and there goes your rental income. 

A quitclaim deed provides minimal protection, while a warranty deed offers more comprehensive assurances.A quitclaim deed transfers whatever interest the grantor (seller) may have in the property to the grantee (buyer).

These criteria due to my personal constraints on time (I have a demanding full time job as many of us do) and on connections/team/expertise(I'm not an expert at rehabs nor do I have a team for this yet).So given all of that I am researching on other clever ways of hacking the situation and conditions I'm in to still come out ahed so splitting houses I purchase up into multiple "doors" by renting by the room is a natural conclusion.

Horror stories on a daily basis of owners trying to skim cleaning fees and demanding guests clean - fully CLEAN before leaving and leave bad reviews if anything not finished.

Also, Queens and Brooklyn are renters markets, there is always demand for apartments.

Labor is less expensive and available, regs non existent, demand high, more fresh air year around versus enclosed,

Florida is the #1 net positive migration state in the country and, although there is little inventory right now, the supply/demand balance seems to be balanced right now.

I would first ask if the seller has had any of these inspections/reports done.I would also contact the city to see if they have inspected the property, or issued any violations.If everything there is square, great.If not, I would put the property under contract-- then do the inspections.

I received $3,500 Credit from the Seller who was not in the US to finish buying new appliances.