(I would verify any info since these things change and I would want to know 100% before putting any capital at risk)http://madisonmanagement.net/investors/foreclosure...

If we did a deal like this I would want to use private capital (short term money) complete the rehab and get the rentals rented in 12-18 months and then get a bank portfolio loan.

Hi Heather, I think that before making any decision you should connect with some investors in Columbus, and as Antoine had mentioned, create a plan for how you plan to invest the capital.

Hi BP,I have a friend of mine bought a land through tax foreclosure auction...he bought it without doing any due diligence ahead of time, anyways he found out its a very small lot and worth nothing if he is trying to sell.The appraisal value is $12k and he paid a bit less but no body would buy such lot on the market...somebody told him to donate the land to the city or the county or some sort of organization that helps people and file it on his tax return as deduction. my questions are: 1- Any suggestions who to target to donate the land 2- If he donated the land can he file it as a loss or deduct it from his tax refund at the end of the year...he is entitled to pay some capital gain taxes on other properties he sold so this deduction will definitely help.3- If point 2 is doable will he be able to file based on the appraisal value $12k?

@Mark Doty  When we look to determine the capital stack, we first determine all our "Uses" or costs.   

And I guess there will be capital gain tax on any profit we make because we are selling before 1 year period even though the property value is below 250 k.     

@Tom Reid Investor portals/centralized document control = Update Capital (reasonably prices, looks nice), IMS (very expensive but great if you can afford it)Document control = Still trying to find the best tool for this one.

I am trying to first see if the deal numbers work out, so what is the best way to calculate capital expenditures?

I don’t have much working capital. https://www.zillow.com/homedetails/325-E-Johnson-Hwy-327-East-Norriton-PA-19401/2088702146_zpid/

3. 1031 exchange - When you sell the property the portion you used as an investment can be used in a 1031 exchange - A process through which capital gains tax may be deferred while selling and buying an investment property.Advantageous financing, Tax free income from the sale, and indefinitely deferring the tax on the rest of the sale.