The issue I see is the building is close to 100 years old and with a $500 hoa it's not an easy sale for an investor

I plan to rent it for a few years and sell it depending on the market conditions in the future.

I know for a lot of investors it is common to want to hold onto a door for a couple of years then 1031 to a more expensive property to grow their portfolio.Me being someone that has a lot of available cash but currently 0 properties.

Cost Segregation and Tax Basis A cost segregation study dissects the purchase price or “tax basis” of a building property that would normally be depreciated over 27.5 years for residential property or 39 years for commercial property.

My goal is to do my first RE deal early next calendar year.

I have heard about BP for YEARS. 

I am looking to invest there as well and I am curious to see what you have learned over the last year.

They are well off but are in a bind due to trying to sell their old house. they want to rent for a year and then purchase the house. what would be the best way to transfer ownership after the year?

If you are being charged $400 they are probably using a licensed plumber with higher rates.From HomeDepot.com - The average cost of toilet installation ranges from $185 to $400 for all labor and materials.

The law says we have 1-3 years to fix the issue since they were yellow tagged.