However, it is possible to turn a fix-and-flip property into an investment property and qualify for a 1031 exchange if it is held for at least one year.

Both brothers were retiring, and one was in very poor health.

This is one of those situations where it is best to say, you would be foolish not to hire a CPA to give you correct advice with 100% view of your entire portfolio.  

I got rid of about $2,500 worth of trash out cost but then some one can in that night and took all the appliances ...lol Wont do that again or get an alarm.

A few good ones to consider are: an oil tank sweep if the property was built before 1980, a radon test, particularly for basement condos or units, a mold test, a sewer scope, and a termite or pest inspection.General home inspectors often offer some of these as add-on's, but keep in mind that they might not be as thorough as a specialist.

The interest rate on a loan is one factor (of many) you need to consider when building a rental portfolio.

It is a duplex that needs considerable cosmetic work on the one side.

How can i get a construction loan and what are the requirements for one?

I hope this helps at least one person from losing this kind of money.

He offered them $5,000 for relocation, one month of free rent, and a full refund of their deposit.