A first aid kit and a few tricks of the trade should suffice.My belief is as long as it's going to heal itself....no problem, keep working.   

In my opinion, buying in CA in this market makes as much sense as buying Bitcoin at $1700.

It goes on to say I should hire a skilled tradesman for evaluation of anything specific to a trade. 

I didn't read this to ensure its accuracy but it certainly looks to be from a credible source. https://www.irs.gov/pub/irs-utl/33-Real%20Estate%2...Cliff Notes:Real Estate Professional Qualification • Material participation in each specific rental • Material participation in separate Real Property Trade or business • 50% rule • 750 hours rule • 5% ownership ruleReal Estate Trade or Business Defined IRC Sec. 469(c)(7)(C) Any Real Property: • Development or redevelopment; • Construction or reconstruction; • Acquisition and/or conversion; • Rental Activity that is not a Passive Activity; • Property management; • Brokerage activities.Example 1: Laura owns 5% or more of a real estate sales office • Works full time as a broker • She owns 3 rental properties and: • She finds the tenants; • Approves tenants and leases; • Approves and oversees repairs & improvements • Net rental losses are $31,000 and her modified AGI is $160,000 before the losses • Deduct the full $31,000 in the current tax yearExample 2: John acquires old homes and contracts 3rd parties to renovate and ready for resale.

Management takes around 35-40% of gross so you could trade a bit of time on Airbnb for a higher return.As an investor, we are always looking for value. 

Hello allI want to get into house flipping.I am a plumber by trade and city water distribution operator by profession.

I suggested a 1031 exchange - as the parties would be ok with trading for a property of similar or higher value much closer to where the elderly friend resides.

If they still won't open the books, then do your best, submit the offer, and re-trade if you need to during due-diligence.Let us know if you don't know what any of those terms mean.Hope that helps!

Compare to the stock market and bitcoin, housing market is not at the stage of crazy yet like stocks and bitcoin.

We pick one of our favorite restaurants, book the entire place on one of their closed nights or a slow night in January, and invite our work team (plus one guest each) to join us for dinner and a celebration to show our gratitude.Most of our construction/trades contractors don't have health insurance and put off aspects of their health care.