If you paid $20k for it, your closing costs (assuming cash) are probably somewhere in the $1-2k range, depending on what is necessary for where you are - title costs, inspection, prepaid taxes, recording fees.

Exact same property two weeks later except in sold it for 100k over what it was recorded as being sold for in the MLS.

“This is already shaping up as the deepest dive on record for the global economy for over 100 years,” he said.

Yes, if markets go back to record highs in short order and credit markets don't see an increase in defaults or restructuring then this shouldn't be a bigger problem than it already is (some pension funds were in crisis mode before this).

If you had regular operating losses for the previous years, including depreciation, and they were blocked by high income, they are released at sale for an additional loss.How to properly record all of it in the books is another conversation.Besides, if it's a single-member LLC and is disregarded for tax purposes, all transactions between the owner and the LLC have zero tax impact.

Working on 4 closings right now and can still have a record year this year.

@Jay Hinrichs We also reached out to our private lender to see if he will restructure the original financing, so thank you for that tip -- carrying 13.5% at the moment, not ideal but with no points and no track record and a minimal rehab, we thought we would be golden.

I've found leads through direct mail to divorce records, crime records, and driving for $ apps.

I suspect there is some record of it with the court system, but every place is different. 

(It was vacant, so home tours weren’t a problem.)Jacksonville has been in a strong seller’s market, last month recording one of its lowest inventories of available homes in the past 15 years, according to Realtors’ data.And even in scary times, people moving to town because of their jobs or other ironclad reasons are simply doing their best to find homes, she said.