Originally posted by @Russell S.

Up until the 70’s nobody even used ac in houses .

Kathryn -  obtaining a loan through a lender  will normally require  2 years of  history of  consistent  positive income …...so if the plan is to use this  method of  financing  - keeping  the job is beneficial …..if you plan to use the more creative methods of  financing deals - then this issue isn't quite as important  the other lender issue to be aware of is that many lenders  have a limit on the  #s of properties  with financing an applicant  has in their name …...some cap at  7  ...some cap at  10 ...some may not any cap

Great opportunity to practice some creative financing techniques and acquire more real estate:1031's are great - I've done several ---- put what I am reading - if you are only paying $6,000 in taxes, that's nothing!

However, when looking for properties in downtown Austin near my work, my wife and I have been facing several challenges due to the high prices.We first wanted to buy a small multifamily home, but the prices for these would be beyond want we could afford month to month if the other unit(s) sat vacant.

@Nicole Richards Many of the answers you are looking for can be found here: How to Effectively Conduct Joint Venture Agreements as a Real Estate Investor596231-how-do-i-properly-construct-a-purchase-with-a-partnership591376-create-an-llc-for-first-partnership-best-way-to-do-so526244-taking-on-partner-s-and-limiting-our-liabilitesGood luck!

The settlement date was in March so unless there is some statute that tolls, I doubt it.I don't think the attorney in fact can help resolve this situation at all... the principal is dead.If Jared really wants this property he'll likely have to start over with the heir(s).

Some items to consider are accessible path of travel (gravel is not going to cut it), potential elevator, potential historical preservation involvement, and the biggest issue is if a business can garner enough clients to cover the cost and still make a living. 

This Link might help you with which geographical area(s) you may want to focus on your investments on (although more relevant for rentals than flips)!

@Thomas S.