I have had one of them for 6 years, what will be the effect on my personal taxes?

I started last year but completely put everything I learned into full effect this year!

It wasn't until I emailed the Altisource CEO and some other senior execs that I found someone who was able to effectively move things forward (amazing what a little online research can find).I would purchase again with Hubzu but only if it's a great deal and I'm ok waiting - for a long time.  

-Wholesaling has me curious due to its ability to generate capital for future deals, but I wonder about its effectiveness in the LA market (it's crazy out here to find a deal).

The owner would need to hire an civil engineer and real estate attorney (google "condo conversion attorney") to get this process started.The civil engineer would be in charge of designing a condo map and the lawyer would be responsible for the CC&R and legal docs. 

Just like with automotive repair places, lawyers, and even rehabbers, because of a bad few the industry as a whole gets a bad wrap.

If you're not refinancing or selling,there really is no effect as it will expire at some point if suit to enforce it is not filed.  

We're looking for our first investment opportunity.From what I know about the Roswell/Marietta to Kennesaw/Cumming area, there is certainly a gentrification effect occurring in what used to be some of the slummier and less popular areas (similar to certain ITP neighborhoods). 

@Micah Brigoli I would use your contract and make sure you have had a lawyer look it over to protect yourself.  

How would I go about finding a good Lawyer and Accountant?