I have been doing some reading on the forum and have seen some close matches to my issue but am hoping for some help understanding our situation.

First off my son purchased a rental property with a mortgage in his n...

An LLC does not exist for federal tax purposes.

Hi Robert,I think you definitely have a legit and worthy arguement due to the fact that the current shingles are the original existing shingles that were installed at construction.

They might have money but still trash the place or live in an unsanitary manner.FYI there's no credit scoring in many of these developing countries, and anyway the notion of "individual" credit often doesn't exist in these places, at least for the masses-families hold joint bank accounts, one person in a large city remits money to relatives in rural area.

Most will want you to pay them, they drag out the process out so you'll pay them longer...dah...The quickest way to start doing deals on your own I to understand it from the beginning, general methods, regulations and laws in your state.

What about the equity in the existing units?

I have worked with both large Reits and private equity real estate (PERE) as a broker, from what I know REITS are more institutional in their structure and in the properties they invest in, and are SEC regulated, whereas , PERE can be smaller, more nimble, and operate a little more "off the grid" so to speak relative to REITS.

It's not only the state regulations but, also local policies that make developing, building or investing very "difficult" at times.

The problem occurs when it is cheaper to buy existing inventory than repair damaged property.

The great part is the reframing used the existing header and just closed in the excess window width, so inspection was simple because I didn't touch the actual structural members so he just looked at the nailing on the new studs and sheathing on the outside and it was done.After that a coat of stucco top to bottom and paint and the whole house has a different look to it now.