(make a sincere, realistic offer and included your closing agenda)step 5 - use a cheap, industry specific printer (we spend less than the price of a stamp to get the whole thing printed and mailed)step 6 - wait for signed offers to come back and pick the best ones to purchase!

When you say 10 year lease do you include options?

@Stephen KunenProviding substantial services to your hosts provide suggestions that you should report it as schedule C as opposed to schedule E.Substantial services include but not limited toConcierge, meals, housekeeping, cleaning, entertainment etc.A pro of reporting it on schedule C is that losses are deductible and not subject to passive activity rulesA con is that income will also be subject to self-employment taxes in addition to income taxes.

(The $1,800 includes the earnest money.)

So if you want to count my total time to include education (which I looked at properties every day but didn't offer) then it took me  6 months before I purchased my first investment property. 

It's not in the greatest location but something we believe we can market because of multiple factors including the fact that it adjoins to a city park on one side that has nice amenities and on the other side it has 3 ingress/egress streets that deadend on the property line with utilities that follow. 

What closing costs should I include in my pro-forma if I were to purchase a wholesale deal with private money?

My insurance covered a bioclean company to come and remediate the damage: That cleaning included deoderizing, removing affected flooring and removing and disposing a mattress.

I will be doing most of the work including kitchen, floors, paint and baths. will keep you guys up to date.

Instead I sent them a notice raising the rent exactly the amount they were charging for these rooms (at this point they were on a "tenancy at will" lease).They must have gotten the point because while they did pay the increased rent the following month they included a notice they were terminating their lease.