We lived in the property for 2 years and rented for 2 years to tenants, so by selling now, we ensured that we could avoid capital gains taxes.

I imagine I can get his wages garnished or maybe collect from his tax return.  

If the deal was $10K and I write a check for $2500 for materials, I still owe $7500.

Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.

To make a new property cash flow with current prices, interest rates, taxes, and insurance, you're putting at least 40-50% down.

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.

Since they're low income/tax credit, they just don't make the kind of money needed to pay those huge premiums.

How bad is the insurance, how high are the property taxes, is there an Hoa, etc etc. 

The post was trolled and then moved from Tax section to Classifieds section by BP.... 

Factor in carrying costs (utilities, taxes, insurance).2.