Besides, given your prior experience, you would probably do very will at the entry level (under $100k, purchase and rehab) flip game.My (conservative) view is not a popular one here on BP.

He has been advised that if he farms the land for the 2 years prior to selling, and his farm earnings are more than his personal income, then he can avoid the capitals gains tax, he more or less needs a good accountant to organize the whole deal and who might have some recommendations on how to structure everything.Thank you in advance for any tips/feedback!

The final walk through is usually done a couple hours prior to the closing, so this seems normal to me.

My prior post was half in jest.

Seller further warrants that should the property be located in a Homeowners Association or Condominium Association that all past due assessments and or special assessments shall be brought current and evidenced via a Paid in Full Assessment Letter prior to closing.

It looks like the pre-approval process has already been explained to you here:http://beta.biggerpockets.com/forums/49/topics/131730-getting-a-pre---approval-is-important-prior-to-searchingBefore beginning any part of the purchasing process, get a crystal clear picture of the point you are starting from.

Enclosed porches and converted garages from prior owners done without required permits are common in my part of Florida, and I've been told that it's hit-and-miss as to whether it'll become an issue.

The daughter had 3 prior evictions which I found after I got her name, mom had 0 until this one (both were named because the mother was on the lease and the daughter was in possession).  

Firstly, properties available for sell, auction dates, and links to your local state laws.This will then provide you with your states redemption periods and return on invest terms (aka annual percentage rate) for your state.Lastly, research your perspective properties and formula a game plan prior to your actual purchase.Good Luck!

Christina, to maintain the integrity of this thread, I'm in favor of continuing to drill down in the original topic; use defaulted tax list(s) as a lead list to generate bargain buying opportunities prior to tax sale.My strategy has always been simple: an initial letter (or postcard) to make the owner of record aware of the situation.