You'd put down a non-refundable deposit (part of the eventual down payment) and then rent the house/unit until either the strike date on the contract or the person purchases the property prior to the strike date.Once the date comes, you would enter a PA (fully execute the lease agreement) and sell the house.

Not a bad looking place at all..a little dated but I see tons of potential.

Yes, you are correct, IMO, cost + improvements-depreciation, add to the book value of a property to the date it's placed in service, or said another way, the market value of an asset owned prior to turning it into your beginning inventory placing it in service as a business asset.

. - exactly Roy - I run nice units but some of the tile in my homes is very dated...but it's clean and works for my model.

Tie up house with a purchase contract and a 60 day close date, get a local active investor who flips, negotiate the deal allowing you to participate and learn.

My due dates are all over the place.

@Eric Payne ..I send a Renew/Vacate Notice 60 days prior to lease end..if there's an increase, it's indicated with the effective date of the change.

Since I already have a Summons in process (court date on March 21), do I still need to serve her another 5-day Pay or Quit Notice?

After some back and forth about the price and the close date (they needed to find a new home/apartment), we had a deal.

One of the best podcasts I have found to date, which I listen to a lot.I added some keywords, such as Cleveland, and Duplex, and have begun reaching out to local members.Thank you for the advice.