@Mark H.A 401(k) is an employer sponsored plan. 

My father in law is a plumber in the area and he is marking up most of the new construction jobs he's doing by at least 20% because he is so busy.

And if the rent is around that 4400 mark, and you're putting 100k into...

@Mark AndrewsYou are required to first allocate the purchase price to land and the building.The amount allocated to land is non-depreciableThe amount allocated to building is depreciableYou may also make improvements to the property which can possibly be added to the basis(if not expensed). 

@Mark Gee - I've noticed the reduction in rent prices at Hoboken as well, and it seems like the rentals do not get snatched up as quickly as they used to anymore.

@Mark Anderson don't be so quick to give away the farm!

Weeks and Irvine - Mark weeks  or Marshal Milligan

@Mark Ainley thanks for the reply. 

We learned that we are not the type of flippers who paint houses and mark them up and sell them.

Also, create pages in your Welcome Book that have pictures of the remote controls and explain exactly the sequence of buttons to press to use cable, DVD, or the game system.