Steve,Do you see a trend of the ones that get audited by the IRS?

Just take a low key approach and tell them you are looking for a piece of property to invest in.

Most can't audit a HUD-1.

I would like a piece of the action so I have been thinking more of retail and food end of it.

What is your list criteria and what mail piece seems to working best?

I usually take a good look at the electrical system and when you start seeing original components still inservice out in the open then I usually figure in that I could be revamping the whole system piece by piece.

I have a client who has a piece of property that has a 99 year triple net lease and generates currently $20K a year.

Washer/dryer/HWT located directly inside that area.Other than the wall, there are a couple pieces of missing gutter and fascia.

The more work a developer has to do upfront the less of a purchase price you get.For example a seller selling a piece of land zoned residential with a house on it.The developer will have to level the house or have it taken away, clear off all the trees and brush, then grade the land to get it site ready along with putting in horizontal improvements.Before they do all that not only will they need to get zoning changed but have their site plan approved with density needs, access points, etc.All of that a developer wants approved before they buy as their price to the buyer is based on the developers highest and best use in their projection model once finished.

If you get audited does the tax attorney have attorney client privacy disclosure on discussions you have had versus a CPA??