If the difference between cost and FMV is pretty big and they tack on extra anyway, well then that's just greedy, and you don't want greed to be the defining characteristic of someone you're going to be partnering with for 10+ years.I suppose in markets with rapid inflation, like Southern California, such pricing might make some sense, but I'd still be wary - even in the priciest markets like CA, NY, HI, further appreciation isn't guaranteed, so paying extra in anticipation of increasing values seems...iffy.

(Seriously, who defines "vacant" and who is recording this info in a timely manner?)

(e) A person involved solely in the extension of credit relating to the purchase of a timeshare plan, as that term is defined in 11 U.S.C. s. 101(53D).

I think you need to get defined.

A better way for you next deal is to do more research about a property and define the cost need to fix to rent or flip whichever you choose.

Finally, a "pre-existing relationship" is clearly defined.

For purposes of this post, I would define a "hot" market as markets that are in the top 20 in this chart.

It meets all your listed criteria, but for example in Oregon, average number of cloudy days per year (defined as 80-100% cloud cover averaged over the daylight hours of a day) ranges from ~160 to ~240, mostly based on how close to the Pacific you are and whether or not you're west of the Cascades.

I looked here https://www.irs.gov/pub/irs-pdf/i1099ac.pdf and read  the following:"Debt Defined A debt is any amount owed to you, including stated principal, stated interest, fees, penalties, administrative costs, and fines.

Spent all day Wednesday reading through IRS docs and and Google threads educating myself before coming over to BP (which should have been my first stop) and tripping across your post which almost exactly defines my situation also.