Not worried about repairs, more just collecting rent from tenants willing to live in this neighborhood.

*This post does not create a CPA-Client relationship.

I've only dealt with residential at this point but am looking into self storage and on my search for commercial I stumbled upon a car dealership property where the owner is moving out of state and motivated to sell the property.

Hopefully a tax expert can weigh in on this topic, as that's who should be answering your questions.

Any insights on this anyone!!

It almost reads as if you are buying a house and you haven’t closed on the house you are planning to resale. is this the case?

with the market flat, contractors booked up, materials expensive and tremendous competition for deals it is very, very difficult for a new investor at this time.i've used hard money and also bought with cash and then financed the rehab.

If you're still in school, get a part-time job to help accomplish this.

Just wanted thoughts and opinions on this property & deal.

What made you interested in investing in this type of deal?