I am good with searching for mortgages and municipal liens, but not so good at screening for bankruptcies and judgments.If there was a bankruptcy, how are your determining if this will impact a sale?

What are the best ways to raise the value of a condos & how to the bank or others actually determine the condos value other than supply & demand?

So overall I like the numbers and sounds like a good deal just need to determine if you feel it's a good long term play in that neighborhood and what comp rents look like. 

Useful life is entirely a tax concept that determines how long you can deduct a given investment in an asset, and has nothing to do with how long something will actually last and be serviceable. 

IRS does not allow private annuity trusts anymore for capital gain deferral. 

@Parveen TiwariWelcome to BP.How have you determined that a C-corp and/or LP are the vehicles best fitting your needs?   

Now let's hope we get some participation on this thread to determine best day and time for people to be able to come.

That is one of the costs that you will already have taken into account, when determining whether a deal is afoot.

Are there any agents ir wholesalers with buisness in this area If so please reach  out to me.

I see your points.One of the things you might be running into is that the IRS's budget was slashed dramatically after the whole Tea Party/Non Profit debacle a few years back.