Larry Great Question Larry, If you buy the properties right and structure them to show "cash flow," on your tax returns you'll be doing yourself a favor by increasing your qualifying income to purchase additional real estate or primary homes.

Any ideas on structuring a deal like this would be appreciated.

If I'm concerned about a potentially big issue (structural, mold, etc) that I can't evaluate before I put in the offer, I'll include a 3 day due diligence contingency.But remember, between the time you get your offer accepted and the time all the contracts and addenda are signed by all parties, you have a few days to do your due diligence, get contractors to give bids, etc.

Pressed piles cost about 200-300 each depending on how deep they need to go (total foundtion repair likely about $10,000 for a 1,200 SF structure).

You need to make sure you have an exemption or that things are structured properly in case things go south.

Do not be the person who does the day to day management of the property management company (of course this requires enough properties and cash flow for both companies to be viable....)LLC is better for limiting liability (hence the name Limited Liability Company) - HOWEVER - NO BUSINESS ENTITY will limit your liability if you personally are the one who is negligent/grossly negligent, etc... and your action or failure to act is the basis for a lawsuit where judgment is awarded to the plaintiff.If you have enough business to use the LLC owner and Corporation manager - this gives you the best of both worlds: better protection against liability and better tax savings through the corporation.The best structure is more complicated, but hopefully this gives a decent summary....

At this rate, the walls should outlast the rest of the structure!

It has only 1 bathroom which can be a problem come resale or rental time.3.

It's the more complicated stuff that is important (structural issues, specifically), and very few home inspectors are qualified to diagnose and make recommendations on structural issues.2.

Hi BrianI only have a little time so I will make it shortThe house has a second bathroom on the upper level...