Your perspective on the managers does make sense.

They told him a few weeks later he wasn't picked because he wasn't edgy enough for the show.

Hey Bill, you have the unique perspective of being both a govermental bureacrat and an enterpreneur.

I can answer parts of your questions from a trustee state perspective.

I'm a stock investor at heart so I'm accustomed to evaluating investments from a yield on cost perspective.

If you choose to make that election, then from the IRS' perspective, your LLC is essentially a corporation.If you elect to be taxed as an s-corp, earnings still flow through to your 1040, but you have some additional options with respect to breaking up salary and dividend payments.

Originally posted by Brian Hickey:Teardowns make the most sense when other homes in the immediate area are worth about 2 or 3 times as much as your resulting real estate (once the new home has been built).That's an interesting perspective Brian.

I don't even want current tenants to open their mouths in front of perspective tenants let alone run the show!!!!

Due diligence and numbers that match my business criteria are critical.I appreciate hearing input from a rehabber who is considering wholesaleing - it gives me some perspective on motivation.

1.Cost of Note is 41K2.Vacant and secure3.My lawyer says it looks very good from a legal perspective.4.A final summary judgement has been signed by the home owner, its going straight to foreclosure…3-4 months5.My research and a realtor that I contacted strongly believe it would sell quickly at 62K-65K.6.Expenses to consider: 2K for the lawyer, 2K for past HOA dues, 2K realtor commission if sold, $1,500 prop taxes are due.7.2 bed 2 bath and 1,200 sqft, would rent for $950-$1000, could be a very good cash flow property8.Right off the I-75 and Cross-town expressway, close to Tampaemail if interested.