Congratulations on your progress so far, it sounds like you are definitely headed in the right direction!

As we progressed through the deal, we found out that the person we were acquiring the lot from had a contract for deed.

We will continue to update the community on our progress as we begin this journey.

The most important thing is to DO IT and adapt to changes as you progress.1 & 2.

If you want recovery for damages, take pictures, get the rental agreement from the PM and then file in Small Claims(SC) (hint: don't waste your time as winning is ease - - collecting is ney impossible).(2) highlights your PM agreement needs to address which party will file for either/both UD and SC as well as show up in court.

Although I'm still in the saving/education phase on REI my goal is to make significant progress toward the acquisition of a property by lining up financing ahead of time and then actively looking for deals in the East side Greater Cleveland area.

., I've made a good recovery after a lot of tears and hard work. 

I look forward to sharing my progress in the future.  

You really have come to the right place.Congratulations on your research and progress so far, and I wish you all the best!

After an allocation of land of lets say 10% you'll have depreciable basis of $225,000 with a recovery period of 27.5 years.