For example, he borrowed $25K, paid me $3K in "interest", now I foreclose, have my purchase basis as $22K now, and am adding the costs of rehab and the foreclosure itself as part of the depreciable basis on top of that $22K, then will have my total basis here soon right before I put the house in service.

Unfortunately in my situation I just can't afford for now but in maybe 3-5 years I am sure I can work hard and make it profitable again by adding new products, add more service ..etcSo instead of worrying that the banker will knock on door and found out that I was no longer there. 1.

Anyone try his service for absentee owners?

Hi Andrew- First off, thank you for your service! 

One part that struck me was about capital improvements and placing your property in service.

Just watch for fees, usually there is a service charge if you try to use a card for a water bill or something like that. 

@Raymond Macasaet (first thank you for your service) PM so I can look up your Home's Value for you and give you a quick breakdown.

How much did you end up paying in total closing costs and did you use a 3rd party loan service?

With the demand in construction services across the industry (businesses, single families, multifamilies, etc) being so high, how are people that're investing in new multi-families making money? 

@Anthony Warren Thank you for your service!