If sold before his death a good estimate would be pretty close to 20% of the selling price in federal taxes. (15% on the capital gains which is nearly 100%) plus 25% on the building’s depreciation.

additionally did you hit the budget for the rehab on the nail with your estimates?

The well serves about 74 properties (some lots are vacant)  of which currently 40 are paying and the owner estimates as many as 18 may be stealing water.

Some of the more seasoned vets here know all about foundation repair, but for thought this could be helpful for anyone starting out.  60 seconds background:Houston is essentially built up on a swamp, couple that with ...

It isn't realistic to ask contractors to work up estimates for a bunch of houses you don't even own.

So, you  should hold back enough liquid assets in the inherited IRA(s) to cover your estimated required minimum distributions from them over the expected life of the real estate investment.

For example if you paid $360,000 for a property with estimated land value of $60,00 then the structure value is $300,000.

Get a clear estimate of the renovation costs.

Good Afternoon BP's,Two-bedroom, Single-family house, listed for $110,000 (rounded), with an estimated mortgage of $680 (rounded).

I give a 3-4 street approximate location such as, "Between Main St. and 7th St."