Some of the most attractive qualities I've noted are:- Strong economy and job market- Strong future job growth anticipated- Median age of homes well below US average- Solid percentage of home renters vs owners- Solid gap between average household income and cost of living- Very low crime rates- Highly rates schools- Overall good weatherFrom December 26th - 30th, I will be in Bentonville to network and conduct some on the ground research. 

We had a hiccup during financing; in short neither I nor the lender were aware that it’s a condotel until after we started loan application and conducting condo questionnaire .

I have heard of informing the lender preventing calling claim several times on BP, but I have yet to see the legal dots connected.Estoppel, in very broad terms, is a legal principle that bars a party from denying or alleging a certain fact owing to that party's previous conduct, allegation, or denial.

At sheriff sale in PA, junior lien positions only have an exemption on transfer taxes for partial value - they are exempt for the part that they financed but must pay transfer tax for the value of the part that was financed by senior liens.The diversion to discuss transfer taxes arose because an earlier reply post on this thread mentioned being a note holder and concern about other potential expenses, hence I mentioned transfer taxes because lots of note buyers are in junior position.It’s not an “impound tax” - it’s known as “poundage” in PA, basically a commission paid to the sheriff when a property sells to a bidder for an amount above sheriff’s costs to conduct the sale.

The sale may not be conducted less than 190 days from the date of default and the highest bidder will receive a certificate of sale.

I was only speaking to the tax implications of conducting things as a business (max deductions) versus personal (few if any deductions).

But, I understand since I'll be conducting business in New Jersey I will be still be paying state taxes in New Jersey. 

I am finding there are tons of tools, technology and resources that make not only finding good deals possible, but conducting due diligence, buying and managing remote properties very possible.

I'd be interested in hearing from both CPA's and Real Estate Investors on this topic.I'm conducting a search for a personal CPA who specializes in REI.

All of that matters with how you really conduct the negotiations.