Additionally the water bills are not reflecting a leak.

I am in TX and this roof will hold up good against the heat as it's white and reflecting most heat.  

I am not a believer in waiving inspection contingencies unless it's a flipper/rehabber client and they thoroughly understand what they are getting in to and the price reflects the risk.

Or $3480 annual, about 5.3%.That said, the thing I like about commercial property is that the value is a direct reflection of the NOI.

But if that is simply not an option whether it's because your tax returns won't truly reflect your earnings (possibly due to heavy deductions/write-offs) or if you haven't filed in a few years and fear the tax penalties, then going an alternative route could be of tremendous benefit.

They may uncover some things a GC may not even notice, and in the case they find something major that $400 investment could save you thousands if you choose to back out or re-negotiate the purchase price to reflect those damages. 

When you learn to accept responsibility for every aspect of your business, you don't tolerate any nonsense, as that nonsense is reflection of your failure.When you blame others for problems in your business, it's easy to accept the nonsense and chalk it up to, "Well, it wasn't my fault...nothing I could have done..."

An offer is an offer and if the seller get's offended, that's a reflection of his/her insecurities.

I think that just reflects the value of real estate right now, especially in Denver.

NOT including mortgage interest / property tax = $12,000Mortgage interest = $8,000Property tax = $2,000Total Deductions = $12,000 + $8,000 + $2,000 = $22,000So you can see that the $12,000 alone is sufficient to nullify the rental income.The question then:Can I reflect the full $8,000 mortgage interest and $2,000 property tax on Schedule A, as I would on a normal primary residence that I was not renting out?