It's been very difficult to get anything accomplished and I would advise against giving them a try.I don't know if they do double closings, but Brokers Escrow has been pretty consistent.

Though difficult, wealth development is not impossible.

Real estate is not that difficult that you need to sign up for anything.

I'm certain this is a good deal but I'm a bit apprehensive because, for 1) its outside of my Houston area Market so overseeing a rehab would be quite difficult 2) With such a large home we would face some financial challenges with doing a complete remodel.

I was trying to quantify that risk as difficult as that may be...I am going to pass on the property. 

In fact, depending on the state you are in, it can increase your taxes. 

I would say it is rarely enforced unless neighbors complain and then might be difficult to prove.

Hello James,You have received quite a bit of advice here and it may seem difficult to sum up.

I would love to offer my "boots on the ground" to those who are more experienced to increase my knowledge of how to play this game.    

When you hold a {rental} property in a corporation, income is taxed at the highest corporate tax rate - which increases the benefit of claiming the CCA deduction each year and mitigates the punitive aspects of the recapture.In addition to how you hold property, the length of the hold will also factor into whether you claim the CCA deduction; claim the deduction for a few years than stop; or do not bother to claim the deduction at all.