I can refer you to my investing group's financial experts (accounting firm / law practice), if you like.Where the issue may be getting confused is that the interest on financing is an operating expense for income property, but the principal portion is booked under debt service, as I understand it.

Having same issue looking for attorneys that do assignments. this is so frustrating because i have learned to generate leads ez enough but even if i get property under contract i still have half a deal because i cant seem to locate key people to consumate deals so i can complete transactions.

I would check with your plan provider/plan administrator on this issue to be sure.

Good Evening:How do you go about finding Properties that are Distressed ( not properties listed on HUD or HomePath ...... as these properties Never seem to need that much work done to them ) I am looking for properties that I can pick up for around $30,000 - $40,000 and that need $15,000 + worth of Work done to them And who's ARV would be in the $100,000 - $125,000 range I have the Cash at hand to Be All-In on my end of things , at around $80,000 - $90,000 But I don't want to have all of my Cash tied up into one Deal, But I also want to make sure than I can Flip these Properties rather Quickly , by being able to offer them at a Purchase Price at roughly 10% BELOW the current Market's Value on Similar Properties with the same comps, and that are within a 5 Mile Radius of the Properties that I fix N Flip Is a Driving For Dollars approach most Likely my best Bet to find these " Severe " Distressed Properties ( Not so Severe though, that they have Structural or Foundation Issues ).

The old carpet will be thrown away for sure and I don't think it will be worth keeping the blinds.If the only risk left is that the tenant leaves with the carpet and the blinds, I am OK with that.But if the fact that the tenant "upgrades" the house at her cost can lead to legal issues down the road then I am not so OK with it (situation going sour for some reason).

The more unit, the more tenant issues... so only start with a 4plex if you have a thick skin, it's in a great neighborhood, or you have experience with management....If you can't afford a plex in a decent neighborhood, consider buying a plex and moving into it.  

They need to know where to pay next month's rent and who to call if there is a maintenance issue.  

If they "feel" you are making too much money, they have an issue with it, or want money back.  

There are timing issues, wording issues, etc. 

The stove is going to be important to tenants and it is a quality of life issue.