From the IRS: The applicable percentage used to figure the ordinary income because of additional depreciation depends on whether the real property you disposed of is nonresidential real property, residential rental property, or low-income housing.

Sec. 5.061 provides that numerous initial and ongoing requirements must be observed if an executory contract is going to be properly implemented, and the burden (as well as all the risk of violation) is entirely on the seller to meet these.

However, there is RenterInc, which looks like it's legal and gets data from multiple databases, so there are more chances of getting a result on your applicant.

I see the NC is a non-judicial foreclosure state, I'm in WI and have bought numerous auction houses but we're a judicial state, so I guess there are some differences.

I guess you could ask the seller to inform the new tenants that they should instead go through your own application process as opposed to getting them in there on May 30th prior to closing.

After sucking you in, the charge you the application fee and appraisal.

If the application process is a nightmare that can also cause problems.

Share those important documents to the cloud for easier access from a computer & never lose information.HBM - Free (Must be invited) HBM is an application that some realtors have access to that they can invite you to join and it will give your FULL access to the MLS in that area, when you talk to realtors ask them if they have access and can invite you.Hope this helps I use these all the time in my career and with my investments.

The level of professionalism is about the same.Folks with money also know what an accredited investor is, most get an ear full from financial advisors, they already know more about SEC regulations than 90% of the operators on here searching for private money from completing investment applications, having certified financial statements and letters from CPAs. .You people don't do your homework.

At the top of the BP wholesaling forum, there are some sticky topics one of which has numerous approaches for finding buyers.