s example of a house worth $100K with a $60K outstanding balance, the total owed is probably closer to $75K with all the fees and foreclosure costs. 

Right now I gross around 90,000 a year income at my job plus the rental and the only debt I have is a truck paymet 540 per month (36k total loan).

Then you had a 25% return on your total $200k cost which is pretty reasonable depending on how long the entire project ran.

After paying the cost seg guy, the CPAs and the tax attorney I can tell you (I'm in CA, your mileage will vary on that and everything else), on a 4.4MM purchase I would have taken a 594k total depreciation loss in 2017 due to the new bonus rules.Matt

I ended up negotiating it down to roughly 1% total and sold for $8,750,000.

Also the property will likely remain on the contaminated list for a very long time, if not forever.Might be a great deal, might be a total loser - either way do you research before you jump into a meth house project.

Remember, the original agreement to buy from the current seller is made by the LLC...not you.2 - Seller gets their $10k3 - End buyer gets their property for a total cost of $25k4 - You make $15k profit5 - The original seller has no knowledge of the $15k profit you are making. 

I am on the process to be licensed for NC (licensed in FL) but didn’t see special content for section 8.  

The total Sq Ft is 2083.

In my case, there was a 1st, second, and legal to get a total due.