Since Michael objected, I had to throw in some codes. :) Without going into too much detail on the tax code, we know that 1)  less than 7 days or less and 2) 30 days or less are two of the 6 exceptions to rental activity provided for passive activity purpose.

Looking at the nation objectively, the mid west just doesn't have the school, public or private, that the coasts do.

What you choose to do will be determined by your goals objectives, investment criteria, budget and experience. 

I have an objective score sheet that determines what level of risk they pose.

I did get an objective engineers report... 

You can potentially get 10, 20 or 30 years of smart, objective advice to guide you to that offer.

I would have raised objections before the “re do” though.

(The ONE positive thing I did, over my husband’s objections, was to start education savings plans for our children that paid for their freshman years of college.

The existing tenants have mentioned separately (this is an up/down duplex) of smell of mold.This is not difficult to believe if in fact there are these obvious cracks on the home exterior.There is no doubt water/moisture is getting into the home and creating a condition for mold to grow.We had a structural engineer out to do our buyer’s inspection yesterday, report is due out later this evening (11/04/17).Verbal communication while on site, indicated a mutually shared concern over these cracks.The roof appears fine.A wall in the backyard will need replacing as the soil weight has almost pushed this wall over and it is only a matter of time before this thing comes falling over.Boiler may need replaced, windows as there is some clear cold.These are just concerns at this time but inspection report will lay all this out once received later today.I should have been a little smarter in not agreeing to a change in inspection objection deadline when it was presented by seller.My buyer’s agent and I should really have talked this one over, as I realize now that, it left us with only hours after inspection to come up with our inspection objection response and to be honest I will not have time to get bids for any of the extensive repair items which I do not doubt will be confirmed in the report received later today.Seeking any advice that you can give on the following: Would you proceed with purchase of the above detailed home?

The reason for this is due to the boards prime objective to protect tenants.