I won’t go into details of the rentals in this post, but I can say, without BiggerPockets and my mentor/business partner, I wouldn’t be writing this.

Some contractors weren't great about writing detailed invoices so in some cases all I have is a large check written to 'roof guy'.So.... question: is there alot of scrutiny from the IRS as to how you determine the basis?

@Drew Feinis correct that a few details are needed - and possibly a few steps to notify the party of what you are about to do, why, and how to prevent it.

Feel free to PM me for additional details and local resources.Jay

Thanks for the detailed write up! 

Without a few more details (total loan amount, home value, etc.), I have always taken 30 year loans for the flexibility, such as having a better DTI for second loan, and being able to make a smaller payment during a cash crisis.

Any turnkey provider can fix a house and sell it "turnkey" but the less reliable companies will never manage their own tenants or their own repair work.Similarly, property management companies that know both (1) the condition and history of the property, and (2) know the tenant is the best type available, will have the best return on time and money.We can PM if you'd like further details, I don't intend to hijack the thread :)

You might be able to convince the lender to waive the fee but before you get the loc, I would ask detailed questions.

Inglewood investing and a comp to show specificsHey all, I've posted some details from a deal I just closed on, and if you look at the metrics, the signs continue to point to a strong cash flow outlook on the NFL's newest home.

Just need the property details and the level of inspection you are looking for.