Those properties tend to be more extensive rehabs and better fit the BRRRR model.

Some lenders may require a 6-12 month period from the date of the transfer before you can refinance, so make sure you know what that timeline looks like first so you can then make arrangement with you hard money lender for an extension if that timeframe fall outside your original term with you hard money lender. 

Unmitigated water damage becomes mold damage and and there is the potential of extensive smoke damage in the same airspace.

If you can't complete the Form by the deadline (although that deadline was extended to May 17 this year), then you have to file an extension using Form 4868 in order to include your Form 8824. 

We were able to get an extension due to it being winter, but something to keep in mind when buying a building.

@Alecia S.If your contract (sales agreement) has automatic extensions like “on or about” closing date, and it goes beyond this date without a signed extension you could possibly walk away (I say possibly as it is truly contract dependent).

They are trying to protect potential buyers as the sellers would not allow a option period extension to have foundation looked  at properly. 

Recently we had some major water damage due to leaking and busted pipes that involved extensive demo of the bathroom and adjacent wall of one bedroom because of mold/water damage.

Stem extensions are available but specific to each brand and sometimes different models within the same brand have different fittings.The plumber and I both spent the next day calling and visiting vendors but no one had the extension we needed in stock.

But, the only way to have solidly taken advantage of it was if you started the fund when the law was passed and sold just as it expired (assuming that there were no extensions provided).