You are better off leaning towards a turn-key property, and with proper due diligence will carry very little risk and minimize the amount of time (and stress) involved compared to fixing a distressed property from afar.There are far too many questions left unanswered in your question above, and $7,000 leaves me very suspicious.Good luck!

In addition, as part of the deal, the listing agent will be responsible for finding a proper tenant.

Thanks for taking the time to properly introduce yourself.I'd say you definitely have good resources with the two people you know, but even better, you're now a part of the BP community :) There's tens of thousands of members that are directly involved in real estate investing everyday helping each other.I noticed you were looking into properties of 4-10 units.

Make sure the mortgage company was properly notified in the tax suit.

Replace gutters and make sure all water drains properly away from the foundation. ($400-$1200)Another set of repairs that we don't do unless they are necessary:1.

Would a bank/credit union who we might borrow from just 'put a lien' (or whatever the proper term is) on the note?

When debt service is discussed properly it only refers to the principal and interest or interest only payments on the outstanding debt.

Bill Gulley Trees CAN be a depreciated under proper provisions.Depletion runs with deforestation projects and such.

Hello everyone,I'm going through the process of splitting out my rental business from my fix and flip/redevelop business and I want to set up these legal entities correctly and ensure proper insurance for them as well.

I apply to like exchange that amount into a strip shopping center on 5 acres of land costing 1,000,000.The Question is, if I follow all the proper rules and deadlines, would I be able to transfer the entire 100,000 (tax free) into the new property?