Originally posted by @Bob B.

The more we fix this one up, the more it's grown on us, but our original plan was to sell. 

Originally posted by @Jeff Bommarito:Anybody know of a data company that has a list of properties that have no utilities on in the home?

Originally posted by @John Acheson:Jeremiah, here's my advice in a five-year plan so A) is patience:Year 1) start a single-member home-business LLC for FREE using bank bonusesYear 1-2) build a 720-800 FICO for FREEYear 1-3) season the LLC for FREE and target a 80 PAYDEXYear 1-4) save some cash by cutting back for a few yearsYear 4) study 10,000 properties for FREE and build a teamYear 5) target a small starter commercial project (4 units or more)using the LLC PAYDEX and 800 FICO when it's a buyer's marketrelying on good financials for the property more than your job6) rinse and repeat and SKIP RESIDENTIAL!!!

Originally posted by @James Letchford:I’m rehabbing a property that fits nicely in my wheelhouse.

Originally posted by @John Acheson:Malachi, is it true that generally most SFHs in Japan depreciates?

My understanding that when a second is crammed down, as opposed to stripped, the value of the note is “crammed down” to reflect the existing equity.....the holder has to take a reduced balance, and that is all that’s owed....once that is paid you are done.

Originally posted by @CJ DeBerg:Thanks for all the responses.

You might find that there are restrictions you can't live with like prohibitions on parking a camper, boat or commercial vehicle - and even the colors you can paint your doors or shutters.Be sure to ask whether there are any pending lawsuits against the condo association or any special assessments in existence now or anticipated in the future.You shou;d also request a certificate of good standing from the condo association, meaning that the seller doesn't have any outstanding fines or fees. 

Originally posted by @Dave Foster:@Ash Leigh, Although it's not strictly forbidden to purchase property from a related party the IRS is very skittish about it and the charge of shifting basis and step transaction is all too common.