Updated everything, granite, ceramic tile, wet bar in basement, etc.We put house #2 on the market and got it under contract literally in 12 HOURS for $113,000.The appraiser comes in and says we're all good.Then the file gets flagged for review - we're told this is a formality.Then, they come in and throw out all the comps that had any value, and tell us the only legitimate comp is a house a MILE away that sold for $95K.

Here on the West Coast, ceramic or porcelain tile is common now for all living areas in rentals.

I believe you should incorporated both exit strategies into your business.

I spent many years as an engineer in "corporate world" (or cubicle world, or Dilbertland, or whatever you might want to call it).

I have already setup the IRA with a custodian, and am in the process of incorporating a special purpose LLC to make it into a checkbook IRA.

Personally, I like a nice granite countertop with nuetral and complimentary colored 1 inch ceramic tile backsplash going up to the bottom of the top cabinets and window sills.

I'll take all of these and incorporate them into my plan of action.

Besides, laminate floors make "most" units look more "down market" than carpet, except in kitchens and baths where I always use ceramic tile.Please spend some time reading the archives here, pay particular attention to all the posts from people who thought a "skinny" deal was OK because it was a way to "get their feet wet", get started, get in the game etc.BTW, I pay CASH for all my deals, do my own repairs, except A/C (I can trouble shoot and repair that except for the "sealed-freon" bits) and I wouldn't bother to answer an ad on a deal like this.

What you really need to create are the partnership documents or articles of incorporation so when you are all standing in the kitchen screaming at each other you have a document to explain how you will dissolve the partnership.

I have not incorporated.