Would've been nice if the courts declared some simple rules.

Get estimate for that. assuming this is your first flip try to keep it simple and go through entire process. 

Just browse the forum, and you will find us.On a related note, if you're at the stage of your REI business where you're in need of strategy, then it's highly unlikely that your tax return is so simple that you'd want to reject help.

Some cities take up to 2 weeks for simple plan review.

It's free, simple, and you can write state-specific leases through it, although BP has some solid places you can get leases as well.

@Mike Gonzalez keep it simple, its gross rent less taxes , Ins, PM ( property management, 8% of gross rent ) 5% for misl, and any other expenses, snow, lawn , water etc, divided buy your PP.

@Shaun TroyerLife estate could be an out of the box option, too.If you want something more standard, just a simple lease back would work after purchasing.

Those numbers, though, depend on many factors that will be specific to your local market; you won't be able to be given a simple yes or no response from anybody here.

Thank you in advance,ErnieIn a simple option to buy real property, one person (the “grantor”) grants to another person (the “holder”) the right, for a fixed period of time, to buy the real property under stipulated terms.

I think the lesson here is simple.