He did see it my way and for 2k he released the property to be sold.Now that I have a clear passage to ownership, I took the completed package to my title company, borrowed 53k from my private lender and closed the property for 28k.The repairs were actually relatively nominal.

I noticed some people go and have multiple nominal, but what is the proper formula?

Not to be too harsh, but these were my thoughts on seeing the ad: Funny that you advertise the 'huge new tub' and have no photos of it.

More importantly, using leverage allows you to realize much higher returns vs. not using leverage.So while it's a great to ask about the tax pros and cons, ultimately the difference will be nominal compared to the decrease of your IRR should you aggressively pay down the debt.

This includes a big huge photo showing how cool the area is, a website link to a helpful webpage about the area (we use www.visitphilly.com for ours because they have a blurb about all the great districts in Philly), key financial statistics including average $/sqf, and median listing $, and then a few more links to helpful pages about that part of town.4.

I also took photos and walked properties looking for obvious hurdles.

She said it looks like there's a leak in the wall near the roof and sent the photo below. 

We'll probably go on the MLS in the next 2-3 weeks....You can search Triumph Property Services on craigslist in South Bay and find the ad I put up yesterday which includes a few photos. 

Considering the pricing it's highly likely it will be a multiple buyer situation so acquisition cost would be closer to ~45k.So the question here is - who copied who in the photo ;)Chicago Action Investors are a group of motivated individuals that spend their Saturday mornings walking properties and forming partnerships to create cash flow and residual income through REI.  

One thing came to mind when I seen that photo...