The first thing you need to do is be very organized and don't waste people's time constantly changing your mind about the scope of work and if you do change your mind, be ready to pay more.

This will provide you accurate cost-to-cure figures as of, and good thru, a certain date 2) Request for Beneficiary's Statement of Condition - this will provide you the total outstanding debt balance, including unpaid principal, amount and number of remaining payments, etc. 3) Promissory Note - although the borrower may have this, people in foreclosure tend not to be well organized (really?).

And if the basis was low enough that the tax was high enough you still have to deal with the unique rules of sec. 1031.  

The exclusion is not available to other organizations, such as corporations, partnerships or proprietorships.

Andrew Ware and David Dionne I am organizing a BP get together for members to connect.

The comparable sales approach can be tough b/c sometimes I can't find comps, especially in Philly where each property and each block is its own unique and special flower.

Places close to the festivals command much higher rates during the festivals, but much lower rates/occupancies the rest of the year (unless they are super special or unique in some way).  

I have bounced around three organizations and played the last five in triple A.  

Every case is different, you are in a unique position to gain a lot of power over this person, you will own his home and decide his future in a way if you buy this property.

There are just a few very unique situations in which I (myself, personally) would willingly take on boarders.That being said, there are ways you can make it work.