The purchase was subject to the mortgage and it appears to fall under the confirmatory deed rules which makes it tax-exempt.

Also, as an owner with investors to give a month free and pretty much cut your investors from a distribution I do not know if that is truly the best as robbing peter(investors) to help paul(tenants).

The way you set up your LLC is subject to how it's taxed or not.

I’m in North Carolina, looking at potential wholesale deal that would make more sense if it were written up as a subject to deal.

You need to change the subject line to: I got my property condemned - do I evict my tenants for my laziness and lack of professionalism?

It’s not a remarkable location but it is close to a highway and a turnpike, grocery store, community pool, and other other major apartments but far enough away where there’s seclusion from the other complexesHow do you suggest adding value to rationalize higher rent That is a bit of an open ended question since it’s pretty subjective to the properties condition.

Basically, you want to differentiate yourself from all the other letters.One way you can try is find what comparable rents are, and essentially put a price in your letter, subject to due diligence and full financial review, of course. 

It would be great and save us a lot of time if we could search the Forums by a very specific Subject or Topic since there are so many posts and Forums on BP.  

Hey guys, I know this is subjective but I'm interested in hearing others insights on a deal I have lined up.

Probably best not to burn a First Time Abatement if one doesn't have to...For a small partnership that fails to file or extend by March 16, and all the partners of which timely report their distributive share of partnership items on their returns including extensions, ask your CPA about penalty abatement for small partnerships.