Purchase price: $46,735 Cash invested: $40,000 Sale price: $119,280 We did our normal Conquest treatment to this one.

The wife is a lawyer, so I find it hard to believe they would fake papers; although Matt Cox appeared trustworthy as well lol.

A good way to know if this is the case is to send a fake tester email to your realtor pretending to be someone interested in the deal asking for a showing.

Whether it be sand, a rusting water tank, stuff missed by the water treatment plant, ect.

Here's a link to a treatment.

If you will be staying in it for a year, then you should consider two years for favorable tax treatment - as in $500K gain excluded from taxes (married filing jointly).In the end, your point of view should be that you will be building this to live in.  

How would you feel if you paid 15k over the reserve for a property because you were bidding against a fake bot?

It sounds like this is a rehab/flip, so it will not qualify for 1031 Exchange treatment.

The capital gain allocated to investment property is still taxable (does not qualify for tax-free treatment under Section 121) and the capital gain allocated toward the primary residence is tax-free up to the $250K/$500K limits.

In what ways do contractors take advantage of new investors wholesaling or flipping and how can we avoid this treatment?