A tablet computer - Either an iPad or an Asus Transformer.

Although I think flipping is a long ways off for my boyfriend and I, it's really interesting to see the transformation that flippers are able to do in a short amount of time.

This scares away retail buyers big time, but it's such an easy and transforming fix.Red flag - neighbors.

I live in NJ (2 1/2hrs away) now because of my job, but seeing the transformation happening in DC keeps me attracted to the area.Another question maybe someone on this thread can answer.

It is absolutely amazing to see the transformation going on in DC right now...so many rehabs in reestablished communities.

I recalled in one of my graduate courses in Corporate Finance the professor started using Laplace's Transform to calculate the Net Present Values of the Cashflows (if you don't know what that is, that's the point... essentially some mathematical technique).The reality is that using a basic calculator (or computer spreadsheet) you can approximate to the degree of accuracy that you need for all practical purposes. 

Furthermore, should you subsequently sell the property you will only be able to use the lesser figure of FMV to determine the deductible loss.The intent of the rule is to prohibit taxpayers from transforming a loss incurred while the property was used for personal reasons, into a deductible loss at a later date. 

I was pretty proud of the transformations on both houses, but maybe someone will see something different.

Oh I plan on doing a full blog of this process:) Im looking forward to the challenge and the transformation of getting this eyesore looking like a home and improving the neighborhood, its 20 houses down from the home I own so its a win win for me

It was so gratifying to see the transformation and know that someone else could appreciate the value that I brought to the home.We moved to NM, built a house, and had our first baby boy.