See this article:https://www.forbes.com/sites/janetnovack/2013/03/26/how-real-estate-investors-can-protect-themselves-from-the-irs/Have you read Tax Free Wealth by Tom Wheelright?

Great that you joined the site!

Hi, I'm new to bigger pockets and looking to meet OKC wholesalers and private money lenders. I'm interested in knowing hard money lenders as well. 

I found out about BP from a video on youtube.I am looking to fill my brain with all the great info on this site and from other members.

A quick web search looks like Montana is pretty lenient on disclosure forms, but you should check with your local real estate experts to be sure.If a buyer learns of it I would certainly expect them to want a discount or to shy away from the property.

Welcome to the site Mike.

Here is how it can play out in both scenarios (there are more pictures on my website).FlipPurchase price $72,150 (includes closing costs)Rehab $40,353Holding costs $2,184AVR based on appraisal $150,000Closing costs on the sale %10,500 (7% includes realtor fees, concessions, and title fees)Profit = $24,813 (if we sold it at the appraised value relatively quickly.  

I am looking in the $175K-$250K range.Questions:I've listened to Podcast 229 with Zeona McIntyre and read the articles about short-stay on this site. 

Also, most disclosures can't be seen on those sites, so something that has foundation/structural issues vs not?

if your agent can not access them, there should be links on their website for agents who can.