By shedding some light on this situation I feel we can add a bunch of good substance to this thread.I have been looking for a way to get my feet wet in REI.

Here's what I'm looking at:10-12 squares of roof, 2/3 gable, 1/3 shed.

Hi,Can anyone shed some light on what "Flipping a contract" is?

One of the best ROI deals I ever did was add a 1/2 bath in the house that had a 8' X 10' laundry room accessible through the master bath.The only thing I did besides paint the existing bath white was add the following;Toilet- $5.00-yard salePedastal sink $20.00-discontinued at HDMirror $FREE (my favorite price) from the RealtorTowel bars etc $3.50-yard saleVarious PVC pipe, a toilet flange and PVC cement $25.00 or so, I already had a lot of it and there was some in the shed at the house when I bought.Permits N/A Satisfaction of earning $17,500 for a few day's work PRICELESSall cash

I own some commercial property in Dallas and may be able to shed some light on it.

In your shoes I'd take a hard look at knocking down the leverage preferably through shedding more than a couple of them.Oh, and as for your friend, go to a BK attorney .I can tell you what the BK attorney will say, it's a deriviative of the old saying; "when your only tool is a hammer, everything looks like a nail".Toss your buddy overboard, save yourself.all cash

I was hoping someone would shed some light on this issue, i.e. is there two different "auction" process and it really depends on the county?

I was hoping you could shed some light on this issue...I have heard that in some states referral fees or finder's fees paid to someone (ie; Bird Dog, etc) after closing for letting an investor know about a property may or may not be illegal?

That being said, each park is different and will require a cost segregation study to determine the actual depreciation schedule, which is comprised of the following:Park infrastructure improvements – utility lines, roads, fences – often account for 60-80% of the total purchase price. (15 years)Land – not depreciableStructural improvements - sheds, clubhouse, well house, stick built homes on property, etc. (27.5 years)Personal property – appliances, mobile home improvements, office inventory (5 years), Mobile Homes (5 years to 27.5 years – depending on which accountant you ask).

The backyard is also quite large, with a storage shed, and is completely fenced in.