Gain = Sales price less expenses less adjusted basisAdjusted basis is purchase price plus improvements less accumulated depreciation.

If the new owner gets title insurance, the title company will usually discover the tax sale and redeem at closing.

The loan converted to a standard mortgage after the rehab was complete, so no need to refinance or do a second closing. 

If you want to be competitive and the market is hot, your total earnest money (all in before closing) should be at least half of your downpayment.

This includes the distributions and the sale of the property. 

And some mistakes were made by tradesmen but looking back I didn't ask the correct questions or have the knowledge to make certain they wouldn't make mistakes (such as knocking down a vented chimney - that happened once and although it was on the roofer I now know I must make certain the roofers know the venting situation prior).I'll close with this - when I worked in film and was a lowly production assistant a higher-up said "You know what I like about you?

My main focus is really to reduce the number of closings (due to fees) and to pay the family member back for helping cover some previous work.

Treasuries are down close to 30 bps in the last 8 business days.The reasonable bet based on tracking the last year is that they’ll swing back up 20-30 bps in the next couple weeks….What’s the over, under here?

IE its a very bad idea to attempt rent by the room with close neighbors, or in a nicer HOA neighborhood where tenants are seen walking streets to the bus/mass transit.   

As a general who does a remodel project for a seller but the arrangement is to get paid at closing.