Yes, I'm in Boynton Beach too and the redevelopment is creating some interesting shifts! 

But first, here's some homework for you - on one sheet (digital or analog) write down:Pull out your comps research and demographics, from this create an ideal customer. there's plenty online to walk you through how to perfectly describe this person in detail. 

So I just created my list of run down homes that I plan to send mailers to and have a couple owners who are listed as revocable trusts and revocable living trusts.

My CPA recommended creating a new equity account as the value of the discounted note price.

If it is a purchase, with cash, there should be a P&S contract stipulating a certain price, so he'll have a basis to pay his capital gains tax, and for you to create a basis for the half you bought from him, for tax purposes.

However, I recommend creating a simple form so you're ready the next time this happens.Are you reducing the tenant's rent $200 for Christmas or letting them pay 15 days late in June without a penalty?

What I wrote above does not create an attorney/client relationship between us.

https://www.waynecountylandrecords.com/recorder/web/ so go here, create an account and search by the address of the property you are interested in.

It is almost like creating a "time share" for yourself. 

These projects create large numbers of both short term (mostly construction) jobs and long term employment once the projects are complete.