And as this is my first post, I simply must say a huge thanks to everyone at Bigger Pockets!

I'd have to say, as a builder, $250k cost, and that's going to be low in many cases, although it is attainable, with basic furnishings, slab on grade, it can be done, not easily though and certainly not readily and all over. 

So if there is say a trampoline ask for immediate removal.

Instead of the 20yr, I stuck with a 30yr amortized loan with let's say a... 3 year balloon payment. the break even for the numbers I ran here was around 470,000.

My question to you is if you were looking for a partner, lets say a young guy with no experience like myself.

Say a mud room that is always going to get scuffed and wet and beat on.

I'm looking to buy houses with a big enough profit margin to make it worth while, currently i have about 95k liquid and 45-50k in assets and would love to know anyone's thoughts if they were in my area and in my shoes.   1.What areas to stay away from and why in LI,NYC,NJ. 2.What a basic flip costs using meaning lets say a full rehab or at least getting a close enough ball park figure to make a close to correct offer. 3.What an appropriate price per sq foot would be in the middle class areas of NJ,NY,Li. 4.

Hey all,I have been doing some learning about tax implications for owning rental properties and I had a question.Its my understanding that you can carry over net operating losses from year to year basically indefinitely until you sell one day and can write them off of your capital gains.I also understand that if you purchase an asset for your rental, say a refrigerator, you have the choice to either deduct the full amount for that tax year, or depreciate the refrigerator over a certain amount of years and take the deduction divided up between those years.My question is why would it ever be advantageous to depreciate an asset rather than simply deduct it for the current year, even if you are already operating at a loss, if those losses will just carry over indefinitely?

When you say as-is and buyers accept, they still do their due diligence and sneak inspect and then back out when it's too much work.

Most say a short term rental is a “property rented out for less than 30 days”.