As a result, selling the company which holds (owns) the asset will trigger acceleration of the mortgage note.

A few things came up though1)  Front Porch was separating (not the foundation)2)  Rear Left Gutter/down spout disconnected3)  Hot Water tanks connections have corrosion (they're replacing the whole unit)4)  Rear back deck is missing a "board"5)  Inside the crawl space, evidence of water intrusion6)  Inside the crawl space, under Master Bath a PVC has a slow leakThe seller is covering everything above. 

I don't stop for a second to think about IRS rationale for various rules - I have no power to influence them, so I just want to get maximum benefit from their rules and regs.You depreciate the cost basis, which includes your purchase price plus capital expenditures - and diff. parts/systems can have different depreciation schedules if you choose to adopt accelerated depreciation.  

During some slow time you can finish the RE preparations as well.Good luck and a prosperous New Year to you.

Bank financing is often too slow to be of much use in a time sensitive transaction.

I should know about the appraisal by the end of next week - it's been slow to get going through the holiday season.

As a new investor I was planning on taking property acquisition slow to learn the ropes and allow me time to learn from mistakes.

By hitting the gas I could pull it in briefly but it immediate fishtailed wildly and one cannot slow down going down a long hill by constantly hitting the gas. 

My question is - should I wait about 3 - 4 weeks until spring has started and the market heats up or put it on in the middle of Feb which is traditionally pretty slow in this area?

The problem I have is my credit isn't the greatest no repos or foreclosure just slow pays. my debt to income is very low.