It is not at all reliable.FOURTH:NEVER come to me with "I know a guy, that knows a guy that has a pet fish that has the same color of a girl's hair a complete stranger knows whose neighbor does 800 calls a day and gets a deal every week.Here is why.

New investor here and I’m looking to pull the trigger on a flip however I’m having a hard time picking the right amount to spend on a purchase and rehab because I don’t have an idea of what a full gut should cost. 

Lol on the "loophole" trigger 

With that type of experience, I might target a fix/flip or HML that has experience triggers keeping your costs low and maybe even something like deferred interest payments or bundled fees.

Sounds like you are trying to do a Lease with Option to Purchase.This requires 3 separate documents:1) Lease2) Option Contract3) Purchase contract triggered when tenant enacts Option Contract.National statistics show that around 65% of Lease-Options fail.

A really good one is to wash your hair really well, then put a piece of hair on one of those things. 

That may trigger the property manager to reach out and negotiate a settlement because they don't want the state digging into their books.

I am 100% positive that Fresno and/or Fresno County has some great deals out there....you just have to pull the trigger!

The color we use is called Shoji White and it is maybe a hair darker than an antique white - enough color on the wall that white trim pops against it but light enough that it hides wall defects and touch ups are simple.

There is a special way to report it to get the deduction while not triggering a computerized notice from the IRS disallowing the deduction.