If you had also spend money on renovations and improvements while occupying those should have gone into service then as well. 

The investor would buy an ugly black box that produced money if it was the right price.

Sometimes, we tax professionals can save you a lot of money or save you from a major problem.

I could get the same or higher overall ROI by putting my money in an index fund which is 100% passive.Deal #2This seems like a good deal to me at the asking price.

His family made their money with W2s and the stock market.

funds only go into interpleader after months of sitting in escrow. the court just does not hand the money to the seller either.. if not agreed upon the funds go to the state etc.

But rule number 1 and 2 in investing is don’t lose money.

It’s a great way to add value to a property without putting a ton of money upfront, and it can set you up for financial success in the long run.Has anyone else done a similar renovation project or used a gift of equity in their deals?

If you are 100% occupied (and trending) no need to spend money.

Hey Paul, I've done a few of these with buyers moving money from California to the Detroit market.