Join a local REIA, you'll surround yourself with other "do'ers".

There is no county, city or state record of sales as we are surrounded by lands owned by native Alaskans, and the federal government.

And while a lease and option transaction in excess of three years IS a contributing factor in that determination, it is not the only factor.To determine whether an arrangement is a lease-option or a sale, the IRS examines all of the facts and circumstances surrounding the transaction.

In doing so I read state statutes and reviewed federal law surrounding mortgage lending.When I read something that was contrary to my plans I considered ways to avoid violations or ways to circumvent the issue steering clear of prohibited activities.I devised my plans and then I sought letters of opinion from regulatory offices, from federal down to local authorities.So, I really do understand the tendency of people with vested interests in doing something and reading statutes to look for ways to avoid or circumvent laws or road blocks to their goal.The SAFE Act, is the first federal regulation that stresses "intent" and compliance being required.

What makes it even more intriguing, is that this property is surrounded by commercial buildings!

Just signed up after being an avid BP reader for the past couple months.Trying to get started in the area surrounding my home in the Chicago suburbs.Up until a few months ago I had no RE background, other than helping my dad rehab a half dozen homes 25 years ago.

Moline,Rock Island,Davenport, Bettendorf, and surrounding areas.Also looking for houses to rehab ourselves.

Is there anything strange about the lot or the surrounding properties that make it less desirable?

About a B+ to A- neighborhood.3 br/2.5baPrice: 75,000CoC vs 50%: 23%Cap Rate: 8.3%Allin: ~$12000ARV: 90,000Built in early 2000's------Connecticut Avenue: Next door to the university, crime isn't an issue in the surrounding area but can be if you go too far out.

If not for all the professionals I am surrounded with being here in NJ I would get swallowed up.