As always, the rules are more complicated than I can explain in one paragraph, so check with your tax accountant.Myth 7: I can write off my STR's initial rehabSTRs or LTRs - the rules are the same.

As an agent and investor in this area for a number of years, I have also found that this trend and what the article was explaining, was pretty accurate. 

I would explain they are responsible for the cost and that if they don't pay it they can be evicted. 2.

Didn’t Lee Andrews explain state licensing restrictions to you and the value if his certificate?

I came across something that I’m hoping someone could explain for me.

In my personal experience banks require the 20% to be of your own funds and must be on your late 2 bank statements or rigorously explained.

I’ve had the chance to work with a cost segregation company that took the time to explain how the process would specifically benefit our investors tax wise, which I really appreciated.

You mentioned costs might be higher than what I think, can you explain that a little more?

With regard to the contractor, you want to give proper notice for when the contractor will come to do work and that depends on your state's laws and also your lease.If you give proper notice and the tenant refuses entry, then I would talk to the tenant and explain to them that they are violating the lease and could be evicted if this continues.

Mail the Heirs a letter explaining you want to buy the property.