Carry interest of any debt secured by property.I don't believe "necessary" is a word in the statue.  

I do plan to hold it in an LLC, have good insurance and umbrella as well. 3) Older homes in PS - most of the homes in PS are built in the 40s-50s and for those that own them, do you constantly run into issues with major ticket items - plumbing, electrical, etc (things that are not visible to the naked eye).

Unless you are building Rental units, the SF Retail market construction market is not doing well, hopefully your builder is borrowing money at sub 10% interest rates.  4 years ago, a lot of builders were only factoring in 3% for total loan costs, I would think that the carry costs would be 10% or more currently.  3.

Honestly, much of the value in home inspection comes from the document created which many buyers receive a copy but are otherwise clueless as to the items often missed in an inspection.

So when you think of the income and basically less than 20k a year in Overhead thats a pretty nice business.. unless you count cloths and shoes as necessary items then things get a little wild !!!

. ;-)  BP has changed, Mike Hern is happy doing his thing and BP carries on.

Have done most residential RE items except commercial MF, new development, and sub-to.  

Oh, and as I think about it, this may be perfect for an owner carry situation.

If there is rot and its a more extensive of a job than merely replacing the window that will drive cost as well so you should seek a line item budget from the installers.  

Carried mail for 10 years and had many basements converted into duplexes.