The tax consequences could be very favorable.

I was taught that if the tenant/buyers don't buy, your reputation goes down the toilet, and your business always follows your reputation.With regard to the 2 year financing approval, only problem I see with that is the fact that the housing market is still spinning downward (at least in my markets) and 24 months is too long.

You're asking for legal advise with possible multi-thousand dollar consequences.

I dont want to gain the reputation of having junk deals so that my calls go ignored and e-mails trashed.

If the company you are looking at has a poor online presence, or does not even care enough to pay attention to it - that would be an indicator that they do not care about their reputation from you or anyone else.

Any reputable general contractors anyone would recommend for a complete rehab job in Ogden, UT?

The excuses to myself at the time for not doing more due diligence/paperwork were: I know the contractor and trust him based on his established reputation with an investment group I (still) belong to.

I don’t want to be like that – I don’t want to look foolish – I don’t want to come across as a newbie and consequently, I lurk and in the background and never develop relationships.

If utilities are not paid, it could lead to the utilities being shut off, which could result in some bad consequences for you.

and what should I look for in a reputable company?