If you can produce records that show you are engaged in the business, any busines, for say 25+ hours, then you have a business.

If your end buyer needs financing (assuming a loan of that size is available) it will be easier for them to buy when the property is producing income.

Assuming you're talking about NYC, the cost of property is likely such that positive cash flow is very difficult, as rents aren't going to be high enough (relative to purchase price) to cover both expenses and debt service.For example (just a made up example), if a $400K property will rent for $3000/month, that $3000/month will barely cover debt service, taxes and insurance...it won't cover maintenance, vacancy, capital costs, etc, let alone produce any monthly profit.Do some research on the 50% Rule and you'll start to get an idea of the costs associated with holding rentals.

In fact Atlanta is projected to add 100,000 people every year for the next 10 years AND lead the nation in producing new jobs by 2025 (BLS, CBRE/Dorey Market Analysis Group) which means that the demand for housing will continue to be strong. 3.)

To back up the investors' lowball offer, the realty agent produces an appraisal or a "BPO" - a broker price opinion of the distressed home value that confirms the low valuation.

You still need to go through the procedural steps to CYA.The eviction shouldn't cost that much.I would rather be safe than sorry because when you are sorry it costs much more than playing it safe.

RESPA (real estate settlement procedures and disclosures act) applies to residential and not commercial real estate.So disclosures that come into compliance with RESPA won't matter with commercial.Now you said a tri-plex which is really a residential 1-4 multifamily unit.Anything over 5 units is commercial.You said you have a commercial space with this property.So whether it is classified as commercial or residential will come into play.Are you buying this property with a loan from a lender or paying cash??

You will need an employee handbook to go over your company's policies, procedures, and to outline your company's compliance with federal mandates.

Interesting, since the amount of capital raised I can trace to my website over the last 9 years is about $9 million and has produced prox $2.6 million in profit for myself during this period of time!

She mentioned the loan was w/ I think HSBC and now it's w/ Wells Fargo(she is current still, but planning on letting go next month), maybe we can find some loop hole in requesting the lender to produce certain docs, that maybe have been lost in the shuffle since Jan 2009?