I've sold properties to investors who hold portfolios and for lack of better word the properties are all trash and then I've dealt with some who have a well-oiled machine.

But Flood insurance is required as primary ($2000 / yr)By the time I fix and sell the home (8-12 months estimated) and incur additional costs + holding vacant, and selling expense (SQUATTER RISK, <100 miles to MEX border), and then go back and recapture depreciation + Capital Gains... my TAKE HOME will be far less than the appraised market value. ~50% haircut.So... since all goes to charity in 15 - 20 yrs anyway... why not donate now and play those cards?

Investment Info:Single-family residence buy & hold investment.

Material participation might involve managing properties, handling leases, or overseeing maintenance—activities that are more hands-on than those of a typical passive investor.I recommend doing some tax planning and see what options you have .

I'll get Dave Meyer's book to have on hand as well.

Say $1,600,000 cash in hand.  1.  

Investment Info:Single-family residence buy & hold investment.

You can message me if you don't want to say on here; I have no interest in it myself but I know everything around here in a 50-100 mile radius like the back of my hand.

The payment they make goes toward November and next one December…Now as the lender you can also say “we are only accepting full reinstatement” which is November through April and if they send money you can send it back or hold in escrowThis is why a servicer and attorney come into play because I have seen people go to foreclose and prior to foreclosure accept one payment and in that state you cannot then foreclose.

I always recommend finding the information yourself but here’s what I know.The city is divided into a handful of districts and only a certain number of STR permits are issued in each district depending on various criteria.