Unless you were able to acquire the properties super-fast, then while you were busy acquiring you will have at least dented the mortgage balance with your regular payments.

Andrew wholesaling lease options is not rocket science as long as you have proper instruction on how to do them.

So, how do I expand on the subject to properly tell the story correctly?

I've pasted it below.DEPOSIT TO RESERVE RENTAL UNITLandlord / Lessor: Southern Angel Properties, LLCApplicant Name: ________________________________________________Rental Unit Address: _____________________________________________Applicant Phone: _________________Email: ________________________________________The undersigned applicant has hereby given a NON-REFUNDABLE holding deposit in the amount of $________ to reserve the rental unit listed above until __________.The Applicant understands and agrees that this non-refundable holding deposit will later be applied towardFirst month’s rent of $___________ Security deposit of $_____________ Other: _________________________________$_________If the Applicant fails to pay the balance of first month’s rent and the security deposit in full, if any, by the date above, the Lessor will no longer be obligated to reserve this unit for the Applicant and will have no obligation to rent ANY unit to the Applicant, and the Applicant will forfeit $_________ / all of the holding deposit.In addition, if the Applicant is approved by the landlord, but changes his/her mind about renting,the Applicant will forfeit $_________ / all of the holding deposit.IMPORTANT: Any false or misleading information provided by the Applicant will result in forfeiture of the ENTIRE HOLDING DEPOSIT without question or exception.Applicantshall be entitled to a full refund of the holding deposit within ____ days if:·The landlord does not approve the Applicant ’s rental application, or·The unit becomes unavailable.

That money has no effect on any medicare eligibility, but If she (or the rest of you) want to eventual have medicade paying for her housing, the proper procedure is for her to spend that $52K first.

Aside from the funding aspect am I fooling myself with a delay or being prudent to ensure I am properly capitalized?

As one might imagine, we also have a fair amount of former tenant balances we need to collect on.We've given a couple collection agencies a try in the past but have not yet found any that really delivered.

Mark Kindy I replied to you above, but realized it didnt link it to you properly.

So, not sure we can assume appreciation getting equity..... eventually....You can justify the buy as an earning asset, cash flow without ever having any equity, plus on the income statement, downside on the balance sheet, would that cause any restrictions on future loans....it could.

This is why it's important that your tax pro have ALL the facts in order to advise you properly.