If I could carry the financial weight to rehab & hold, I would, but I need to get started somewhere.

You'll have some depreciation recapture at 25%, but I lessen yo've owned the property a very long time, it shouldn't be that much.

In other words, you can see the slow down in growth before real estate prices flatten or drop.Coming out of a recession, look how job growth goes from it's worst (about 5% job loss in worst year) to 2% job loss the next year, 0% the following year, then 2% gains, then 4-5% gains, then starts lessening again to 3%, 2.5%, and tends to drift back down towards 0% again, before going negative..

From what I've seen of old redwood lumber it gets very light weight- like balsa wood.

However, my height is 5'1" and my weight is 110 pounds.

It's all fixable. the floor is bad in a few places... that wall in the kitchen must have had a leak for MANY years because the 2 "sistered" joists in the basement have sheared off where they meet the concrete foundation. can you imagine rotting and shearing off a 2x4 standing on the short end just by pure weight overtime?

I am putting in an offer on a 5 bedroom mansion-style house and was thinking to finish the basement and add in a weight room.  

Loan size would be around $550,000.If I can get approved for that I would have to weight the cost of prepayment.

Would you evict him if he gained a few pounds over the holidays and didn't make weight on the first day of spring training?

To lessen their risk, they will want to see income and cash reserves to show you can make the payment until you get it rented.