And, if for some reason you fail to take the depreciation, it doesn't matter to IRS.

I have some investors that are looking at getting into purchasing FDIC distressed commercial real estate loans from failed institutions.

It was a large restaurant (failed) with a good location but terrible access.

Here is something you failed to point out. 9-12-87 BYU 22 UT 179-8-88 BYU 47 UT 7 Only 2 times played.

The poster that wrote that you must have some sort of interest in the property is absolutely correct.It should be noted though, that if you are looking to get paid as a representative of the buyer, you will only be able to do so if you are a licensed agent (most states).Most of the groups that I know that actively sell properties that are NOT Realtors pull the properties down and do a double-close.The rough side to this is that you can lose your hard money down payment if you fail to find a buyer.The bright side though is $$$$.

- Current owner claims income from the lot at $38-40,000 per year, but I failed to ask if that was gross or net.

A Prospective Purchaser is any individual or entity that has made or intends to make an offer to purchase assets of a Failed Institution from the FDIC.

I see a lot of similarities in previous failed economies unfortunately.

It was a rehab, so rather then lose all my money already invested, i fixed the house up myself and tried to sell it-failed.

It seems that a few here have tried and failed at doing that.