Two units are in good shape, one could use some bathroom and kitchen updates but not necessary.

However, this is why you must keep up regular inspections of your properties.

And you'll certainly have some amount of fix up and maybe updating when you sell.

He came back regularly to speak and was funny as hell.

Hiroko Yoshi,Yes, any regular entity or non-profit entity should be formed before any purchase is made to keep a clear record of where the property is recorded to.Bill Gulley.You are right it certainly is a grey area.

I still have some school loans to clear up and would like to do a few exterior projects and possibly update parts of the downstairs.

I'll update you guys on my journey.

I figure the more internet real estate I have the more chances I have at getting the right motivated sellers to contact me.As for my buyer site I would need more of a realtor type site that I can list the properties I have... but not on MLS since I'm not a realtor.Lastly would be my blog website where I can talk about my adventures in wholesaling and give more relevance to my seller/buyer websites since my blog/vlog will have updated content all the time.Thanks!

Here is an update: I replied back to the listing agent requesting to see the option contract.

However, high wage earners that can't take passive losses against their regular income can save those unused losses to use against depreciation recapture and capital gains to greatly reduce or eliminate taxes AND step up their basis by avoiding 1031 exchange.