I have had one of them for 6 years, what will be the effect on my personal taxes?

I started last year but completely put everything I learned into full effect this year!

One way to minimize the "damage" in the rare case that this does happen: push as much of your research and due diligence towards the end of the process as you can.

It wasn't until I emailed the Altisource CEO and some other senior execs that I found someone who was able to effectively move things forward (amazing what a little online research can find).I would purchase again with Hubzu but only if it's a great deal and I'm ok waiting - for a long time.  

-Wholesaling has me curious due to its ability to generate capital for future deals, but I wonder about its effectiveness in the LA market (it's crazy out here to find a deal).

This thread is 2 years old but to be accurate the threshold as of last year is 51% sold before a condo plan can be declared effective.

If you are gutting it to the studs that is great, it will also help you see if there has been any water damage to the studs or sill plates.

ALSO, there are things the insurance allowed for that were never done; cabinet knobs/pulls (none installed), dump runs (we did all that), a bedroom that was not even in the damage zone, a powder room they said they did, but we did the whole thing...

We're looking for our first investment opportunity.From what I know about the Roswell/Marietta to Kennesaw/Cumming area, there is certainly a gentrification effect occurring in what used to be some of the slummier and less popular areas (similar to certain ITP neighborhoods). 

I have a very effective marketing campaign that I send to property owners.