Would the IRS accept the fact that the money is being reinvested in real estate even though the money changed hands?

What have you all found is this acceptable?

If they accept it then we will get the contract signed.

Tenants will accept that in my opinion.

If the hard money lender can provide funds and the seller can accept I don't see the problem. 

I have found some pretty good tenants in the 19th ward including a couple who both work for the UR and rent on Midvale Terrace, a single mom who works for UR that rents on Wellington, and a few groups of students who rent near Winbourne.You will find better tenants in the South Wedge/Highland/Swillburg area but you have to accept a lower return on investment.

W/ regards to Philadelphia, my partners and I are seeing that when we make an offer the realtor gives us a Sales Agreement which we then give to our lawyers to look over even if the offer isn't accepted.

As soon as our offer was accepted by the seller (still waiting for the bank), I made sure the HOA had no issues with the units being rented.

Social media s pretty stong , as well as local news.Just my two centsAlex

Upon our contract being submitted, we were told by the lender that since this was a Fannie Mae property, it was required that we list the property for sale for 5 days before they would accept any offers.