I bet someone will be like "oh, I had that 'problem' five properties ago, then I met LO Sally who solved it (for example) by looking at the lease agreements for the property I purchased too recently to appear on two years of tax returns."

We appear to be right on budget as we move into the framing stage of our project.Underground and utility or basement work may be the stage of building where the most money is spent yet the least amount of progress is visible.

@Dick RosenIt doesn't appear the tenant is on housing so how would you evict based on the possibility the the tenant is going to be charged with a crime that might not be adjudicated for a year or more ?  

A single-member LLC will still appear on the schedule E on your personal tax return, as before. 

From the perks you listed it appears they have in-house council for taxes - is that the case?

These are not typical Hud purchases as they do not appear at hudhomestore and are subject to the resale guidelines similar to FNMA 

After further research, I believe the condemned status may be due to the fact that both the original owner and his heirs appear to be all deceased; it's basically owned by the county, for its $22K in back taxes & no contact from (deceased) owners for at least 8 years.Wholesaling is exactly why I'm interested—and, I suspect, it may be as good a first deal as any, given its absence from any of the "pro" lists I've used.

I know there are a couple of threads on the cost of furnishing a STR and they do appear to vary greatly (size, market, target audience etc.) and I'd still love to hear about cost but some of my other questions for the group are:1 - If you are starting from scratch how long does it take you to furnish your STR?

A lease agreement matters, but by itself isn't controlling.If it is suddenly a rental, and the only thing that has changed is the appearance of a written agreement, then you're going to have a hard time arguing the past three years weren't a rental as well.What does your client plan to do about the prior three years of incorrectly reported returns?

Sadly, these services appear aimed at younger people, telling them don't save for the future, instead spend that money on take-out, Netflix, and Starbucks.I'd be much more willing to use a service like this if I could set a higher than security deposit limit.