None of the properties I have crunched the numbers come relatively close any cashflow.

and i don't regret it at all. sure it's nice to have made a great profit on my first transaction but i viewed the situation as:1) i can continue to rent...2) ...or own a property paying the same amount of rent and expenses while gaining experience.in both instances my cash flow (i'm going to include the income from my job) would have stayed relatively the same---granted i pay about 200 more due to taxes and insurance. but 200 extra a month was not as important to me as it might be for some one else who has a tighter budget. but since i made the leap definitely feel more confident navigating the entire process over again and also learned how to do some rehabbing on my own (tiling, staining, flooring, light plumbing..etc...)I also now have realistic timelines as to when certain jobs can be completed----at one time i thought I could gut and fix my kitchen and two bathrooms by myself in under 2 weeks only working weekends.

I can relate Jo.

It tends to be inversely related to income.Do all lights work?

A change of title from one part to another independent of the tax aspects given the related parties.The county or other entities might impose a transfer tax even if the IRS thinks nothing happened from an income tax point of view.

As you likely know I am pretty settled in the area (or the family is if it is the relatives who are settled in the area).

Hence what the fee is really is less of an issue than what the deal looks like.You are showing numbers that imply lot value is a large percentage of the purchase price and the repairs are a very large amount relative to the present price.

at the same time, dispute all information related that is on your credit report.

Even if you have an LLC you need to be clear about who is offering to help the seller.If you mess up and leave the place unlocked, there is a fire, or there is an event related to mowing the law you need to know if you are covered.You could lease/option the property and agree to do the work as part of the deal.

The three are all pretty much related.