Buy houses at the auction and sell them off after if you want a short term gamble. 

In my area as winter nears prices start to drop as sellers recognize the holding costs of hanging on to properties over the winter is costly.Keep looking and when the price reduction meets your criteria you need to jump on it.Good Luck Everyone.     

It seems that an LLc is not recognized in France as an enterprise , you have to mention it to the french government but you declare the income as if it was in your own name .) thanks again to all of you for your answers! 

The building needs some reviving and i recognize that "roof" is not going to get my appraised value to increase.  

I agree... we are all better off if we recognize the likelyhood of some mistakes and learn from them.Best of luck.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

If you consistently analyze properties, it will be much easier to recognize a good deal when it shows up.

Gambling on future value is risky and it is the main reason we had the last real estate market crash.

I recognize some of this is good screening of tenants that have decent credit score to damage, some of it is the housing shortage in this market and that there is no need to ever rent to anyone that has ever been evicted, and some if it is luck.I suspect if you do not accept their offer and explain the consequences of an eviction that a very large percentage of the time an eviction is unnecessary and the tenants will voluntary vacate. 

This is following the general tax advice of "take your losses in the current year and defer income as long as possible".An expense is recognized in the year it is taken, whereas a capitalized lost is depreciated based on the given schedule for that item.