This is legal, however extracting accurate data for tax preparation will be a pain, and you set yourself up for a real headache if the IRS decides to audit you.The next step is highly recommended, as it solves the two problems I mentioned: data clarity for taxes and IRS audit defense.

We literally discard any leads that owe too much on mortgage ( I know there is something called creative investing where you can still extract a deal out of such leads... but why would we.... there are soo many we can cherry pick).So we scrub all the leads that are "no good".

Whereas Wesley is using the word more along the lines of “sending this to a company that specializes in extracting payments on judgments”.Just different possible uses for the same word.

You will need to buy another STR to extract tax benefits for the following year.Thank you for bringing attention to the potential tax benefits of STR investing. 

GreetingsIm a big data nerd, just wanted to know if anyone knew of a web portal or software, that is similar to sites like realquest, or property shark etc. where you can search by both Parcel and address to Find the owners names and mailing Address and property type, beds, bath etc...Ive been crawling and extracting data for free from the county site for some time, but now alot of county are cracking down on it, and also having to build a crawler for every county is a headache, i would like one place to get all the info from.

Obviously the prices are different depending on the deal, and the refi doesn't always result in 100% leverage, but some are less, some are more, some extra cash comes in (and stays in) the deal from profit from other sales, or from income from other holds, or from refis of other properties where equity is extracted. 

Instead it goes up every year so if they go out in year 4 of the 10 year lease you have extracted maximum return.

I know I can extract cash flow from the property even though the interest rate is not that good i can still cash flow some money and refinance in the future.

This is about as much as I have been able to extract thus far.

If you find properties with this type of value add, your ROI/COC will be great even if you cannot extract all of your investment.