My question is1 should I start the eviction now or wait until 30 days?

Please get educated before you start writing checks.What concerns me is you started this post by talking about how you are jobless.  

I'm relatively new to this so just trying to understand these tax implications before we get started.

I'm not suggesting he would defraud other investors in other deals, but pay out of his profit portion, plus may have other income from AM or PM from other deals.Option 1 is take the full $ loss on the K1.Option 2 is take a promissory note for the full amount, payable from future company profits on his other deals. 

I haven’t seen or started the application yet but i was wondering if anyone has gone through this or from a lenders perspective on any tips to maximize the amount I would get

As the new owner, list the property pay off existing mortgage, second mortgage and recoup the proceeds My question is, would this be considered a novation and would an attorney or title company draw something  like this up?

Networking with local real estate agents, joining real estate investment groups, and even driving around neighborhoods looking for potential properties can help you get started.  

This is a good place to start, but why do you want another property?

Hello all,I work for a property management company in the Denver CO area.

Im looking for wholesale lawyer a friendly one or title company.