The appt as always had a mustiness about it, not sure if that was attributing to the "smoke odor" but again we don't smoke.

I have been trying to build my credit, i spoke to a couple of lenders, contractors, been reading some books from this platform but yet i need a push as to making the right decisions, i will much appreciate if someone will reach out to help, thank you.Hey Emeldine, I attribute the majority of my success and motivation to the knowledge I have acquired.

The photos that you have look good to me, but there's always room for improvement I suppose and if "the photos don't do this place justice", is the feedback that you're getting, then perhaps you can find a way for the photos to better represent the attributes of the property.

Sure, you could get cheap properties in the middle of nowhere; but, typically you’re not going to find these complimenting attributes.

., 17.5 years remaining for residential property).New Schedule: Simultaneously, start a new depreciation schedule for the additional cost basis attributed to the replacement property, following standard timeframes (27.5 years for residential, 39 years for commercial).Option 2: Treat as New AssetCombined Basis: Treat the entire cost basis of the replacement property (carried-over basis + additional funds invested) as if it were a newly acquired asset.Single Schedule: Depreciate the total cost basis over the standard timeframe for the replacement property type (27.5 years for residential or 39 years for commercial).If you choose option #2, you need to file an additional form (4652) with your tax return. 

Was a complete mess inside, very bad smell, rat infestation and all the attributes making it a good deal for an investor.

Was a complete mess inside, very bad smell, rat infestation and all the attributes making it a good deal for an investor.

The only benefit in this instance, as an investment partner in a JV, or member in a multi-member LLC, is it's an act of "good faith" on my part in the agreement, being extremely transparent about the project's costs for the construction company, and the specific amount the partner/member invoices as profit or salary attributed to construction services on the specific project (I differentiate profit from salary, as it depends on the size of your construction company, a smaller company the profit may be the salary etc). 

One that is attributed to the top unit and one that will be for the bottom unit.

I attribute this to bad information on the internet and “Gurus” who sell the novice investor on the notion anyone can scale to a  large portfolio quickly.