:welcome:It helps if you update your profile so people know where you are from and how to get in touch.Tell us more about your self and your partner.

or a regular one works becasue i dont have anything on the one i have that says assign to or anything like that?

I'm looking for opinions on a deal I have just began to pursue. 24 unit12- 1 BR12- 2 BR6- 4 unit buildingsTennants pay heat/elecLandlord water/sewer3.25 acresasking $720,000 or $30,000 per unitSmaller mid-Michigan town near expresswaySome updates have been done, for the most part apartments are worn.

I know everyone says contact an attorney to do this, but how do you go about finding an attorney who knows about this type of thing and does it regularly?

There could be a delay between the auction and when the records are updated.

Like a fad that comes and goes the regulars who are skilled in such investing just scratch their head.Think about it.

(lol) It would seem that you are updating the numbers everday or so (LOL) your too much James and keep up the good work.

Of course, the Matrix Asset link is dead, so I know they haven't updated the message in some time.Thanks for the tips REI.

Pretty much why I was asking on here to see what others may have personally ran into, to me it seems that it's going to be classified as income period and the seller will be responsible for the taxes on that income, only possibly/partially offset by whatever other expenses the seller might typically be claiming as part of their regular tax filing.

Assuming you are a major city in N CA there will be regular meetings.