There are great parts of Westwood and great parts of Pricehill.... obviously for the uninitiated some streets and portions you’d want to stay away from.

- what happens if after renovating, he wants to stay?

Plus I get to stay there about a month or so and it still looking great.Couple of thoughts with more to follow..1.

Being consistent with you apply your own methodology in filing your taxes probably needs to stay constant though.

I have bought buildings this way. as all the smart people above have stated, think carefully about how you are going to stay ahead of the bank (paying off the loan before the interest rates. kick in) I just funded a new business using a cash advance check.

What is your advice to help us ensure this land stays in the family like he wants?

I would like to stay away from the big shops to avoid all the up sell.

After a year...Moving forward, assuming you want to stay in the Fannie world and milk GSE subsidized financing for as long as possible, don't do partnerships in quite this way.

Organizers of the event will probably say they are from his team and will convince you you can flip houses in SWFL, all you have to do is buy their expensive system to teach you how.

Do meetup.com search of Real Estate Investor meeting 30-mile radius from where you are staying.