You are generally obligated to do several things, but the three most important are:(1) Establish the business purpose of the trip and maintain clear and contemporaneous records of the business purpose;(2) Log the miles for each business trip;(3) Subtract from the deduction the proportion of the trip that was used for purely personal purposes.

But, it used to be anyone could assume the loan, assuming they qualify, but that loan amount would be subtracted from the vet's loan limit if it were assumed by a non vet.

Then subtract from that your closing costs, holding costs, repairs.  

Here is my scenario and questions about 1031 exchange:Original purchase price = 240k (owed about 209k when sold)Sold property for = 438KAfter subtracting fees my understanding was I needed to find replacement property valued at 415kFunds I have in 1031 exchange account is 208kMy understanding is that to fully avoid capital gains tax I need to reinvest all 208K plus find properties valued at a total of 415k.

You would add to that the amount of capital improvements made on each of the two and then subtract the depreciation taken (using the same percentage allocations as the original basis allocation).So you're original "Gah" thought is probably correct. 

Assuming you are able to eventually sell for 105k, then subtract ALL the costs of rehab, holding, financing, paying realtors, back taxes, etc... and your desired profit, you'll arrive at your maximum offer price.

Use the 50% rule to get an idea of what you would pay for the building if the utilities were already split, then subtract the cost of the upgrade from the offer price.Or, figure your expenses with all utilities, and work from there to figure out what your max offer might be.Hope that helps,Kelly

Look at comparable properties, as a whole and compare to  the subject, add or subtract values for amenities to or from the comparable properties bring those sales in line with the condition, function, appeal of the subject.

So, in the end they're using costs from 18 units and subtracting it from the effective income of maybe 9 units we had last year, since most were purchased later than July of last year, with most income starting to come in November of 2014. 

I would get a quote for doing the work to your standards, and subtract that amount from your initial offer price.