Originally posted by @Dustan Marshall: @ Duncan Taylor Forgive me, but what is GRIT GRAT and GRUT They are special kinds of trusts.

So in this instance you buy off what the market is going to turn into right after you buy the asset and not actuals.You can have actual bills for utilities but the seller might have gotten a special deduction you will not or a special assessment or large increase is coming.

If you have "real deals", you shouldn't have too tough a time finding "real buyers".

I have done hundreds of deals and specialize in the buy and hold arena.

And, most probably think having a concept is knowing, but they probably still don't know nor can they identify and apply related aspects.Text books are so boring to read, unless you understand that the basic aspects of business are the foundation to any money making venture and then you can become very excited, so long as you can keep in mind the end result of learning.It's tough trying to learn a profession through comic books. :)BTW, there are over 500 posts or threads on this comic book.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.

BUT - I am in the Northeast, so cost basis per unit is higher...so SFR rentals and even rent to own is a little tough (not impossible).

Does that required a special contractor or since it has been deemed deleaded and in full compliance, can you use any contractor for demo work at that point?

In fact, in higher priced markets, I would imagine there are plenty of rehabbers who specialize in this strategy.

For the next lease I will add special notes to speak of fees for people who are not on the lease and an extra deposit.