Includes a patio, deck in the back as well.

The 4 plex is an all brick, 2 story building with a covered back patio shared by tenants and the roof is 3 years old.His starting price is $285,000 to which he expressed that he is willing to negotiate as well.

Cost of being lazy either expect your tools to go missing to take them with when you leave job site.The worker bees don't lock up well, window open, service doors, patio doors left unlocked and the more visible the project the more jerks it will attract. 

It will be taxed at ordinary income.  

One idea that I have read about, but never known anyone personally use it is this;Depending on tax brackets for ordinary income (interest) and capital gains, adjust price/rate as needed for best tax treatment. 

Most of my flips and rehab rentals are pretty ordinary.

Pay the fee and focus on closing more deals or increasing your ordinary income.

I was just hoping that me asking for closing on the land to be when building permits were approved to be out of the ordinary. 

The seller did not construct, or act as a contractor in the construction of, the residence in the ordinary course of the person’s business. 

More details: the condo was purchased for $523k - we're probably around the breakeven point on it now in terms of what the current market value is (no major remodeling has really been done other than having pavers professionally installed in the backyard patio area).