Hello BP Fam,Basically what I put as the post title is what I am looking for.

Basically agree...there sure is a Grinch sometimes though :-)

Basically, I would've made $250/month in interest and hopefully a 10% return (this was before I paid for the foundation issues and some other work on the house) assuming he could sell the house for a profit after the six months.

@Nate PucelThis basically means the buyer will inherit the physical and legal conditions of the property.

Basically the more LLs do stunts like the above the sooner legislation will be enacted to corral such activity.

That you are having to ask about basic lease questions raises some red flags.

If you do not build a relationship with a reliable crew, contractors or tradesmen that can deliver much better prices, for basic turnovers and general maintenance you will end up spending so much that it will take decades to recoup, if ever.

Asset Depletion is basically where they give you credit for liquid assets, divided out as income.

I could probably scour lists and send letters during my shift ( basically I have about 7 hours a night to myself at work) However my current plan is working for me so I’ll keep it for now.

As a first time investor and possibly first-time homebuyer I would stay away from any large projects until you get your feet wet with the basics of just owning a place and renting it out.