It doesn't take a brain surgeon to see that they will continue to work another century or two.Great post Mike - hopefully one or two will listen.Tim

Mechanical repairs IE Roofs, re-construction, electrical, Plumbing, ETC.3.

What would you get rid of first to before the reconstruction took place.

Lots of individual residential and several small subdivisions, retail, plus a good mix of dorky engineering stuff for street reconstructions, forensic studies, etc.

At some point, we all have to take the plunge, whether it's buying your first property or even if you want to be a brain surgeon you first have to operate on a cadaver or something!

., in a real property trade or business) if:1) more than one-half of the personal services you provided during the year were performed in a real property trade or business in which you materially participated; AND2) the number of hours in which you materially participated in this real property trade or business was more than 750 hours; AND3) you must materially participate in each rental real estate activity unless you filed an election to group all rental real estate activities as one (and materially participate in that activity).A "real property trade or business" means any real property development, redevelopment, construction, reconstruction, acquisition, conversion, or rental operation, management, leasing, or brokerage trade or business.Personal services performed as an employee are not treated as being performed in a real property trade or business unless you are a more than 5% owner of the trade or business.For joint return purposes, the eligibility requirements are considered met if either you or your spouse separately satisfy the requirements.

Inquire after the back-story as well: are the any current or recent delinquencies or eviction proceedings, what is the occupancy history, etc.If those numbers suggest a promising cash flow, then move on to the next step, called "reconstructing the owner's statement."

Apparently, the site was once used as a dump site for a nearby highway demolition and reconstruction project years ago.

this is definitely a lot harder than I anticipated. getting started is the hardest thing in the world. wholesaling is too saturated, buy and rehab take the knowledge of a brain surgeon, creative financing requires this and that. and someone is willing to "share their unknown secret" all for $97.

Doesn't take a brain surgeon to make those work.