That article seems to support the idea that I would not likely be considered a dealer with just one flip on my '07 return.Joe, I live in Aiken but I do spend a good bit of time in Charleston, which is where my avatar photo was taken (Chas harbor to be exact).

You can refi out into a conventional loan before 1 year is up but be sure to document everything that you do to add value and take lots of photos.

So unless the tenant has clear photos that show the house was absolutely spotless and in good repair, he probably isn't going to get anywhere with it.It's not going to be cheaper for the landlord to pay the lien, because the tenant who filed the false lien is going to be the one who pays for the lawyers for both sides (and hopefully does the jail time, too).The tenant is also probably going to also end up paying for all the little damages that landlords just repair without billing-- but if you are going to court, anyway, you might as well include them and get them paid by the tenant.

And while your looking - be honest with yourself.Make sure you look at any photos - read descritpions of any renovations that have been done and make sure your honest as to how it compares with your home.If you do use CL then be sure to drive by to see the hood and how it compares to where your home is located.

That 8.1% return is in nominal dollars.

On the properties that I found for rehabing prior to finding out that it would not work for me, I put together almost book report style proposals for potential investors featuring repair costs, photos, my own blueprints etc.I want to thank all the experienced investors on the site for the valuable information they are willing to share.

Thanks Pics- http://www.flickr.com/photos/30354978@N00/2760290762/in/set-72157606703253014/

In marketing my most recent rental, I placed a carefully worded ad in Craigslist and Backpage, with four digital photos, and I say in the ad I will email more photos upon request.

Hopefully the proforma doesn't match the curb appeal photo.

If you're working with pictures/photos, you could run into this problem later when you start getting creative.