RICH has been in existence since 1979 - in both good times and bad - and has plenty of intensive training courses at very low prices for new investors.Good luck - the Houston area has many diverse real estate opportunities.

"It's going up for auction (starting) at $50,000"These two items should make you stay away from a meth property.Making a bad investment can wipe out your other good ones when starting up.Don't go out of the gate too fast too soon.Let someone else make the mistake of overpaying at auction.

You're going to find BP a rich and diverse group that will be able to help you all along the way.I'm not familiar enough with Florida to really know what's where, but if you go up tothe search box at the top of the page, type in Florida, and adjust the drop down to search for people, you can find all the Florida Investors here and reach out to them.Also just posting your questions directly can get you lot's of answers.

And the other items, as Bienes Raices said give you firsthand knowledge that he is not a tenant you should approve.

Be sure to do a hold open on the purchase, which will reduce your title insurance costs when you sell.I didn't go through the math item by item, but the calculations look about right to me.

., audit a return and assess an additional tax)6501(c) lists exceptions:6501(c)(1) False return - no time limit for false or fraudulent return with intent to evade tax.6501(c)(3) no return - if no return was ever filed, there is no time limit.6501(e) If the taxpayer makes substantial omission of items in the return, the time limit is 6 years.26 USC 6502 Collection after assessment - the IRS has 10 years, from the time tax was assessed, to start collection efforts.

I can see how the tenant would want to get paid as soon as they got their last item out of the house.

All of the items you mentioned would be deductible.

Based on the numbers there are 3 main things to look at as others have mentioned.1) Get a lower price.2) Get a lower Rate.3) Get a longer term.I personally would focus on the items in that order.

Aaron, there is not enough info to post a great response, but here are my initial thoughts.Always fix critical items first and cosmetic items last...anything that can cause additional damage and expenses needs to be adressed first.