I don't mind hanging dry wall and the demo but Im not going to get myself electricuted!

Most investors look for cap rates in excess of 10% at a minimum if your goal is cash flow.

This is after maxing out sec. 179 and bonus depreciation.New equipment 8.25% sales tax, 1% heavy use tax. 2% excessive diesel use tax.My equipment fleet worth 2.5mm taxed at 3% year.Heavy use tax on each truck $4,000.00Property taxes 3% and on and onI constantly read this forum and many others to learn as I only have a 10th grade education.

There is new carpet in the dining room and we don't think it's received any water there as it's nice and dry.

I'd sure get a smooth, sensitive approach down pat, get on these too early and you're a vulture waiting for the dirt to dry, too late you can miss the deal.

You have no idea what chemicals were in such flooded waters, how they will effect materials even if they appear clean since wood can absorb chemicals and dry out, like petrolium products.While some of this may not be a problem for the seller, it can increase liability issues especially if not disclosed.

The ordinances for storage after eviction are typically local to your municipality.Although every location may have different laws, I suspect most only require the belongings to be stored in a dry and secure place.

Attempting to take all you can is not underwriting.HMLs aren't banks, they can't borrow through the federal reserve, they have a limited amount of money to work with and while it does make perfectly good sence to maximize profits at the highest utilization of assets, being excessive is not in the public good, nor is it for the industry or themselves in the long run.

I owned a couple rentals back in the 80's but sold when I moved for my job.I have considerable assets, just built a ranch and house with cash, will appraise for about 500.My income is in excess of 300 and I have plenty in the stock market.My job is temporary and will last about 18 more months.I would like to purchase some SFH to cash flow.

As long as it dries the clothes it's good enough.