The seller on the PSA is the trust and you are the buyer.No fraud as long as you disclose all material facts and the seller receives no proceeds.

Parking there would have no material affect on any HOA residents.

For example, we keep a spreadsheet of materials that we use, and any time we need to order materials for a job, we can fax the materials list to Home Depot or our local supply shop, and they will charge our card, pull the materials from their shelves and ship them to the house we're working on, all without us having to leave our office.

There are some very specific activities (all involving material participation) that are considered qualified, and if you're doing things outside of those, they won't count towards your 750+ hours.

However, we can fix the leaks ourselves for $25 in materials.

So far $100 in labor, $97 in materials, including $30 for a new drill bit set, and 6 hours of my time to sit around and watch.I'll have another $100 in labor and I still have to buy a roll of insulation.

Because we do a lot of our own marketing materials (we have a full-time agent on staff), it's a great benefit to have a nice laser printer independent of the fax/copier/scanner.Generally, the printers on the all-in-ones are pretty cheap, so if you'll be doing any serious printing, get a separate one...

If anybody can suggest (or delete) other points I'd be grateful.This is really for 1-4 unit residential properties.Pre-Buy Checklist1) Demographics, ages, percentage of renters to home owners, incomes, type of jobs, type of renters2) Job centers, taxes, services, fiscal solvency, construction, renovation, land use laws, civic pride, gentrification3) Sales and rents trends, cap rates 4) Transportation, freeways, congestion, public5) Vacancy rates6) Property taxes, utilities increases, growth corridors, nearby office construction, replacement costs compare to new construction, 7) Growth in jobs, economic base, and population8) Weather patterns, natural disasters9) Building: architectural styles, materials, purpose built or conversions10) Established rental management companiesPurchase Checklist1) Inspections: property inspector, structural engineer, pest control expert2) seller disclosure statement, 3) statement of income and expenses, sellers IRS Schedule E4) Lot size and value5) Verify code compliance6) deferred maintenance7) space, view, natural light, noise8) Personal property & fixtures9) All co-owners present10) Site boundaries 11) Improvements 12) Clear title13) Deposit conditions14) Condition of property15) Escrow credit for repairs, 16) pre-closing casualty losses 17) Settlement costs18) Dates of closing and possession19) Tenants leases and rental info and their property20) Contingency clauses, environ, hazards21) Insurance22) Read all leases, check for rents levels, concessions (one month free rent etc), who pays utilities, yard care, snow removal, furniture and appliances, duration of leases, security deposits. 23) Ask tenants to confirm their terms of lease.

Doing short-sale and sell back to you is ilegal and is a bank fraud which you caused the financial institution a "material loss" in a scheme which you still own the property.

I've been told that there are a few contractors who kind of run a monopoly on repairs on the island and you need to bring in your own materials, but the repair work looked minimal.