Also, I want to create some type of business structure so that everything is legit and I can take advantage of tax deductions.* I've created a spreadsheet to help me evaluate whether or not a deal is worthwhile.* I'm developing my email database to act as a buyer's list/notifier.Is there anything I'm missing?

I get calls from homeowners but the auction is always at most 7 days away and in order to get a deal structured and speak with the lender it all eats away at time.

and even though you are making a mtg payment, the 5.8% interest rate is minimal in comparison to getting a possible 15% return (or possible profit share to increase ROI depending on how you structure if you decide to lend your money as a private investor).

I found an ad for someone needing to move out of a house that they've been living in and renting for 3 years. The owner is in a divorce and wants to sell. The tenant says that she is willing to stay long term and co...

The TIC structure there is very different than when someone is promoting a TIC to 1031 investors.To repeat, the foundation to all TICs is the tenants in common ownership.

There is a couple existing (old) structures that I have a feeling would need to be demo before being able to apply for any type of conservation type classification.

I listened in on a "Webinar" this evening that turned out to be some guy I'd never heard of hawking his $2,000 software package that is supposed to "systematize" deal analyses, making offers, and lots of deal structures (short sales, subject tos, terms).

The most pressing include a leaking main water pipe in the crawlspace, several dead outlets, non-grounded outlets and non covered outlets, a loose shower liner/insert that has caused mold and moisture damage on the bathroom sheetrock (there is no vent/fan in there), and the carport and porch roof are leaking.

Though, I'm considering giving this deal to an investor if I can get the price down low enough.The place is a complete mess, the garage is used as a bedroom, paint colors are neon colors, countertop tiles are black, everything is outdated by @ least 10-15 yrs, but no structural damages.

There are other ways to screen tenants and this is just one example.You can also structure your leases in such a way as to charge the tenants as you go along for repairs for damages they cause.