We own a property management company and when run properly, even when it was building to scale, it can be a very profitable business for good business operators.There is a big difference between being a property manager and owning a property management company.

Do emails constitute the proper means to give notice or are you writing to some virtual agent in the cloud?

I can not control how people react to my mailings.

They are not even cousins.The IRS isn't in charge of assessing financed transactions except as to tax matters, your CPA probably isn't versed in originating financing agreements, that's a bit out of the domain for a CPA and the Federal Tax Court isn't the proper jurisdiction for RE transactions except as they pertain to taxation.They were also speaking to what not to exceed, not what the customary or average credit was being allowed under options, 10% of "firm" equity places a buyer/borrower over the hump for the financing required, most contracts shoot for 10% equity to be acquired.Dodd Frank incorporates the SAFE Act by specific reference.

Get a proper inspection performed with a solid opt out clause in your purchase contract should anything grave come about.What can I do to try and prevent buying the place and later finding a 20k issue with the house?

Barring that you have the proper capital in reserves to do the deal.

However, there are a few nuances that I have to overcome so that I can properly convey the right message.

Peel-and-stick vinyl doesn't look great, especially on a subfloor that hasn't been properly leveled, but professionally installed glue-down vinyl looks amazing.

The financial modeling side of the work is a little more work to setup the proper evaluation models.

Learn how to do this, how to properly estimate exit values and rehab costs and there is no stopping you.