Actually it was the title company that told me it would take 2 weeks.The seller is reputable so that's why I trusted him and considered skipping in the first place.I will deliberate and skip or I suppose I'll look for another title co.Thanks for the quick and detailed response!

On a one-off basis, a rental property qualifies at about $100k, will see about $5k in federal tax savings, and the fee will be $1500.Bryan Hancock, you obviously haven't dealt with a reputable firm, or 300% ROIs simply don't whet your appetite...either way, your pencils need sharpening.

If you want to develop a good reputation, then don't do it.

Glenn I forgot to mention that being built in 1955 you most likely will have issues with lead abatement with the new EPA certified rules which will increase your rehab cost.I don't know why everyone gets worked up on a house being close to a commercial property or highway.The value of the land the house sits on is often worth way more for development than the value of the house that sits on it.You can still have someone pay you to haul off the house or gut it for parts and make some money that way.I love land next to commercial and know exactly who to market it to an dhow to sell it.Now if you are in a big subdivision with track homes on small lots that backs up to a junkie commercial business that is another story.The reality is you are probably not going to assemble all the homes for a commercial project because the front piece is the most valuable and everyone will want to much for their house making the project total cost unfeasable.

I think the developers respond very quickly to reported problems.

As our east-Austin-based development organization ramps up we are taking in additional cash from partners.

Here is another line from an article that was spun and not written by a person:The heal for not usually new home construction though a housing stagnation in ubiquitous is associated directly to consumer confidence, that is directly associated to practice levels, Hogue said.It's crazy that this is even out there associated with someone's name and company...and by default, their reputation!!

I figure if you develop a relationship with a wealthy investor and you both come to terms then you won't need to do all of this other more complicated stuff to fund deals.As you build success with deal after deal your terms might get better.I was just thinking out loud to myself.Interesting Discussion

It's funny you bring this up because I just took a break from my plan development paper.

Make a web sight, some business cards, that makes it reputable. 3) Form your investment property as an LLC, because you can choose your taxation, and move it to an S-corp very easily if you later choose to, but you will have a hell of a time changing a S-corp into anything else. 4) Lend the funds from XYZ lending too XYZ properties, this mitigates all losses, creates returns, etc..