As with any business, there are strategies that can be employed to legally minimize the taxes, and that holds true for a flipping business as well.It's like saying "will people still open hot dog stands because of the taxes?". 

While you want to have a good relationship with your tenants, they are under a legally binding contract and you shouldn't have to pay them just for them to follow it.

The city will not let me rent the basement even if I make it completely legal.

Be well prepared by getting all the communication with the broker and take it with you to the lawyer and seek legal opinion.

I imagine that the legalities are complicated and if the building fails to cash flow at the expected amount or the owner needs to sell and cannot get the assumed equity out of the building then the investor might be unhappy.

Looking for recommendations: Need someone to do drafting of plans for building permits in Fredericton NB area.

Is this legal?

Hard to say exactly what to do because states are different but I personally would get the legal eviction process started and follow through.

You could legally form a Limited Liability Partnership that would give you some protections.

So Ive got a good bit of projects going on at one time. Im also about to do direct mail campaign im thinking i might get overwhelmed or run out of money. Can i wholesale in pa? Also what is the best way to do it and h...