Its such a blessing to have a site where like minded individuals can come together and throw around ideas and help each other scale their business to the next level.

An individual was the winning bidder and they also paid the back taxes to prevent a tax foreclosure. 

I've done bundled purchases in the past and as long as you're not looking to sell properties off individually this is not problematic. 

Some counties will only list the pin number, billable owner, and/or parcel number of a property and you are left to research individually each record to ascertain the property address or land use.

Purchase was in year 5 for $200k.Offer letter was detailed and described my reasoning for the offer and had a picture of the family and kids on it (play to the audience).Offer was refused.

That will give something for the seller to think about.My next steps are to have discussions with the HUD office, as to how the expenses really play into the rental subsidies.More to come.

Hi Meredith,SFRs in Ann Arbor proper are an appreciation play. but cash flow in the surrounding areas can be great.

Ospina That was also  my thinking was that if it's a building wide issue and likely a developer problem, it'd be cheaper if we just re-piped the whole building and get a bulk rate which would be cheaper than individual owners doing it.I think the condo felt that it was only affecting some units and would be a pricey one-time levy to fix something is affecting only a portion of units.

For individual units, the cap rate isn't too bad at around 2-5%, especially considering the appreciation, but I feel like I have money stuffed under the mattress with the large amounts of equity I have built up in them.My end game is to leave Beijing and move to the SW U.S. when I retire from my current career within the next 5 years. 

The LLC is a pass-through or entity, so it is ultimately recognized as part of my single tax return.After all factual and legitimate accounting, the tax exposure can be significantly minimized with proper planning, documentation, and execution.Again, I’m not a tax professional and I don’t play one on TV.