Section 1 items to be cleared and any Section 2 items that may be a health and safety issue are also to be cleared, otherwise property is ineligible for financing.and...10. 1004D: WATER HEATER DOUBLE STRAPPED IN UNIT C/AIR CONDITIONER FASTENED IN WINDOW IN UNTI C OR REMOVE AS WINDOW DOES NOT CLOSE / FLOORING INSTALLED IN BEDROOM IN UNIT C, MOLD REPAIRED IN UNIT D.

A C-class property here, with some deferred maintenance, you can find for 45 - 55K per unit.Now, there are places in rust belt, through Chicago and Milwaukee where you can find multi-unit buildings running <50K/unit ... some as low as 20K/unit, but you will really need to know the area, the clientele, and the building to know if it is a "deal" or merely cheap.But, knowledge and practice will give you a deeper understanding of the numbers and how they dance together.

Originally posted by @Richard C.

@Scott C. don't cut off your nose to spite your face.

lol You should have seen the look on this C-level's face today when we told him they were going to have to hold more liquid assets (and squeeze ROE further!)

Dependent upon your current total annual income, marital status, dependent status etc, it might make sense to add a C-corporation in the line up to take advantage of the tax rates first 50k is taxed at 15% and then distributed to yourself you may be looking at a savings if you're over the 33% bracket.

she was a bookkeeper at best.In any event, I started looking out for a new accountant, and found most did not understand C corps and i did not have much confidence in them.Finally someone referred me to my current accountant and I have been happy.

Hi C, I suggest you start by asking your zoning regulators there if this is possible.I suspect building below your tenant in a MH will violate their quiet enjoyment, maybe giving them free rent will keep them there until building is done.On 1 acre, wouldn't it be cheaper and as profitable just to drag in another MH and set it on a 1/2 acre?

Keela C. this is how you lose all credibility as a wholesaler.

When we purchased a property it went into a C corp.