I think jay would echo what we practice - unless there's a compelling reason (financing, political stroke, or discount on land) I will always prefer and attempt to buy out the land owner and get them out of the way. 

The hyped up rents that new amenities laden buildings reached in 2015-16 was somewhat fiction, as people got more practical in their approach.

Hello everyone,I am interested in learning your best practice to gather leads to then take the details from those leads to use the calculators on this site to determine if it will work for you.

So how do I go about "soliciting" money from someone without stepping over the lines?

I suppose you have been reporting the rental income and expenses(including depreciation) on your tax return.If you get paid in Italian currency - it is your job to convert the amounts in USD when reporting it on your return.If you hold the property in an entity(partnership or corporation) you may have additional informational forms to file with the IRS.If you have a bank account in Italy with a value over $10,000 - you also have an additional informational forms to file with the IRS.You should have been entitled to a step-up in basis upon inheritance.

Does that sound like the next smart step for building toward retirement? 

so Im trying to get some practice analyzing apartment complexs and im having trouble understanding taxes.its a 7 unit in Milwaukee Wi that rents for $600 a unit which ends up being $4200 a month /50,000 a year rental incomeI guess my only question is what the heck are special taxes?

I'm wondering what are the steps to purchasing a duplex you found on craigslist?

Your agent can not write their own as that would be the practice of law.

Send me a private message and we can see what the best steps would be for you and your goals.Cheers to our success!