Not ideal but could be worse...The other is a condo I bought for a good deal and put maybe $10k into it for basically a total restoration, did 90% of it myself and have nearly doubled the value!

You've all helped to restore my faith in humanity.

Please, double check me on the correctness of expenses placement into current (a write off for 2012) or capital (depreciation).1.building a new protective covering over electric panel bank (old one was deteriorating): CURRENT expense, since this repair restores the electrical box cover to its previous condition.

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Make habitable in this case means restore the heating system and clean the place up.

After $1000 deductible, insurance paid the balance of the restoration cost.

I recently moved here and knew a lot of them back where I lived before, here I've found the Habitat Re-Stores but am not sure what else is out there.

:-)http://news.yahoo.com/florida-mans-license-restored-state-drops-fraud-allegation-202743787.htmlI went into the story wondering if the guy's ---- were stored in the wife's purse but left respecting his decision.

The power company needs a permit to restore the power.

He says he will restore it to the way the house was when he took on the lease per the agreement, but I certainly want control over the fix up process.