The house is in extreme disrepair and they wouldnt be able to rent it to anyone else in its current state. 

Here is what I say will have the most impact on your ROI from using a VA to cold call for you:1) You need to plug in the VA into a system that works.

Is this 3-family free of cap ex for the next five years?

Hi, I just want to understand if I bought a property (quad) and received rent while I started the capital improvements .. can I deduct the expenses of the rehab still?

Let’s discuss and move the needle forward!

Further, I receive 1% of the loan amount annually for servicing the note.2.

@Andrew Jessup It's extremely common for the family trust to initially own the real property and then to transfer ownership into an LLC for additional liability protection, with the LLC owned by the family trust. 

If you’re in the area and would like to meet up for coffee or lunch to talk real estate, or just connect, I’d love to hear from you.

In my area the law is the same for the entire state, but there are lots of interpretations. 

Hit a minor milestone of mine.