Double your money on your 60% left over. 

But just to be picky because we actually do run into the limits.The Section 461(l) excess business loss limitation doesn't apply to business income.Extreme example to illustrate: You get a $1 million W-2 and a K-1 with $2 million of income from your S corporation.

It is hard to tell what's going to happen in the Danville (Casino) area, but from what I hear, the casino plan would bring in over 1000 jobs, new police precinct short term goal and actively trying to get other companies to move in to the area for long term goal.

To make my question short, my wife and I just sold our house in Lincoln and made a profit from it.

Many people have the desire to start but fall short because they never make that first move.

With conventional financing becoming more restrictive, real estate investors may turn to hard money loans for acquisitions and rehab projects.

Let me know if you end up with Madison/Dane County area on your short list and want to talk in more detail.

for the dishwasher, if running it doesn't clean it up, you can only charge her for cleaning (or if it is broken, repairs or replacement cost). 

New sponsors have a near zero chance of raising money today.

(coming from a sarcastic Catholic myself) Has God run a proforma for you to suggest how much you should spend on the rehab and still cash flow enough to generate your desired return?