In any event, I think it's clear that construction of an entire new roof would be capitalized, fully removing all old shingles, and re shingling from scratch to a bare roof likewise would probably require capitalization, but simply laying a new layer of shingles over the existing shingles (which can be done in this case since its the original roof with only 1 layer of shingles), is a much closer call.thanks for all the input

So I have been analyzing deals and studying for the last two years.  I am finally pulling the trigger.  Yes, it has taken way too long....but cant do anything about that now....so here we go!I have found 3 properties ...

The network of contractors that I have would be a vital asset to achieve this goal.

Always use a price that has been set by the market, this can be determined by using a local agent to conduct a valuation on your home or by looking at similar properties in the area on portals like Rightmove.Condition & presentation.The condition of your property and the way you present it is vital.

Flatness is hardless an issue for carpet, but vital for laminate, probably tile too.A smooth flat finish shows even minor imperfections.

The question is people that are predators usually do not have a nickel to their name and want to use an attorney on a pro bono (free until money is won) basis.The attorney will not take the free case and allocate their time if they believe they cannot get the insurance company to pay some money to go away or they will lose in court with a weak case.If you have someone that already has a bunch of money and is not thinking straight of course many attorneys will take their money and file knowing their client cannot win.So suing,winning damages in court,and COLLECTING MONEY from those damages are 3 totally separate things.What court does is suck away time and money and takes away from your productivity in business.You would want an LLC or otherwise just for an extra layer of protection and for tax purposes and business write offs.Your brokerage E and O you would need to look up maximum coverage,deductible,and exclusions in the policy.No legal advice

So everything is layered with insurance and can cover any unexpected events.Ultimately I think separating, creating an entity and layering your insurance is your best bet.Chris

Also, if you type in "Notes" in the search bar...that should keep you busy and educated for a while. haha.BP is the perfect place to start a great network...which is vital to a successful REI business.Best of luck to you Brian!

Applicants can be angels until you peel back all the layers.

I feel it is vital for both myself and my customers to be part of a group like this if I want to continue to grow my skills.