It’s very cost effective to invest there and I believe the coasts are moving inward, people who can afford to live on the E or W coast will move in and look for opportunities in an affordable market.

Investment Info:

Large multi-family (5+ units) buy & hold investment in Independence.

Purchase price: $559,000

Four duplex buildings sitting in a cul-de-sac. I own the entire block.

Some people need a place so bad that if he looks like its not falling apart, they'll click the interested button and you get an e-mail lie "So-and-so is requesting information about 123 Main Street".Use this as an opportunity for a canned response to weed out those folks. 

The one with the big sign outside reading "0% down, E-1 and up!!!"

Easy - I get offers (which for the most part get countered or s-canned) with notes redeemable 24 hours before close as E/M. 

E/M becomes non-refundable and released barring seller default upon sale fail.Have had one and that's how we did it.  

@Tariq MckinneyTry E-Title Solutions out of Hamilton.

Would you be interested in e-closings, where available?

From the instructions for Schedule E, was confused about this line:Do not count as personal use:• Any day you spent working substantially full time repairing and maintaining the unit, even if family membersused it for recreational purposes on thatday, or• Any days you used the unit as yourmain home before or after renting it oroffering it for rent, if you rented or triedto rent it for at least 12 consecutivemonths (or for a period of less than 12consecutive months at the end of whichyou sold or exchanged it).So, does that mean that if I am converting a long term rental to personal use in Q4 of this year, does that mean that for intents and purposes I get to treat it like it was a rental all year for expenses and CapEx and I should leave the personal use days box blank?  

Your lender will prob want a summary to figure Debt Coverage Ratio.4) Financing (90 days after M/A or 60 after waiving 2) and 3)) - This is the time the bank takes and for you to have a rate/terms acceptable to you (make sure your broker puts this in the PSA since it'll affect refundability of E/M(.