Without tenants it's easier to show the property and the condition can look better than if tenants have their stuff everywhere.

If the appraisal deems it to be "Subject to" you will have to use a renovation loan/construction loan to repair and close. 

I initially negotiated the terms of the deal through a Letter of Intent and then developed and executed a Purchase Agreement.

Here's a framework that you should know for tax planning:The further you can push your taxes out, the smaller they become.The time value of money shows us that a dollar is worth more today than 20 years from now.Planning is used to kick the can down the road, and make sure there will be available cash to pay the tax!

How about liening the property?

In the booming market in Memphis, I've found that having the right tools can make all the difference.

Can you put some reserves into a "lock box" type account that is your money but locked at escrow for up to a period of time.  

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

Some highlights: I have 3 homes up on Platform and manage another 2 homes.

On its resident fees page, it states that the Jerome Village Community Development Authority can charge up to 2% income charge.