(the magazine) ran an interesting article on the developer and his current plans for the River District in the October 2016 edition.

Ryan you might want to first validate physical numbers of OM given by seller are correct, then do an initial interior BPO next time for a few hundred before spending thousands on the inspection.

He is a far family member, so i know he has some trust in me.But i am wondering how to construct the deal so it will benefit us both.He wants to put up about $100,000, to buy a house. we (me and my husband) can put in the cost of the repairs, and project manage the operation. getting the contractor, designing the house and making sure everything is running smooth, wile he is not physically involved.Now, me and my husband would probably need to get a hard money loan in order to pay for the repairs, probably 40-70k depending on the property we perches. 

Here is an article that took some of the wind out of my sails. http://libertasutah.org/center-for-private-propert...Park City has apparently outlawed short term rentals.  

If you have MLS access cross reference that with reliable real estate data (news articles, studies, government agencies) to find where the hot areas are.I'd say it all comes down to knowing your market and your audience.

@Chris Mason Great article about overlays.

I located the article on https://www.biggerpockets.com/rei/real-estate-comp...

@Ian M.You can actually file it yourself online HEREIn my experience if it was an arms length transaction and your purchase price and the comparables are much lower than the appraised value you will win without even physically showing up to the hearing.

Read this article to understand better what the depreciation might look like. https://www.thebalance.com/depreciation-of-a-renta...I myself am from Michigan and I am currently working on a similar situation with a broken pipe.

I too spent lots of time and too many dollars on a Doctoral Degree that I no longer use (clinical doctorate in physical therapy-so a whole lot easier than yours:)....Investing can do the trick for you.