I don't know the final outcome, but at the point I met him, he was over $35,000 into mold removal and still couldn't obtain a clean mold certification.Important ConsiderationsMaximum You Can PayHere is a basic formula for determining the maximum price you can pay for the property:Purchase Price < Sale Price – Closing Cost – Renovation Cost – Project Management Cost – Carrying Cost – Cost to Sell – Profit – PadBelow is an example showing how you would determine the maximum price you can pay for a property.Sales price and time to sell and close: Be very conservative when estimating the property's sale price and how many months until escrow closes and you receive the funds.

Besides some basic book keeping, or structure organization ., what advice from your CPA added value?

Perhaps I didn't formulate my question very clearly in my original post, but it's basically: if terms are "good" for Americans, and "****" for non-Americans, is there something "in between" for foreign nationals partnering up with a creditworthy American?

I’ve been working on tightening how I review deals and trying to think more like the buyers who are actively closing in today’s market.Beyond the basic numbers, I’m noticing that certain factors tend to matter more once you’ve looked at enough opportunities.For those currently buying: What are the first things you look at before spending real time on a deal?

If you buy that property, the first position comes with it. we have a property where we are foreclosing from 2nd in florida and we have had 4 bidders bid and bail, but we get to keep their deposit which basically has paid what we paid for the note.

They cover many basic things that won't be covered in any detail in podcasts on investing.

It basically turns in to a how long have you owned it meter. 

With your 50k you are probably in that 300 to 400k range with 5 percent down and I would want the other unit to rent high enough that rent minus PITI minus a basic maintenance reserve gets your out of pocket housing cost close to break even or under about 500 a month while you learn.

Classifieds posts are basically unlimited for all users. 

Get back to the basic, get more education, and for goodness sake operate business properly.The gurus teaching all the weird ways of doing real estate don't make money doing what they teach, they make all their money selling you a THEORY.