The material for the downspout, carbon monoxide detector and bath silicone altogether is less than $100.

Hey @Kay Li, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

@Jay Hinrichs, do you remember who used to promote this strategy? 

Materials and labor have gone up greatly in the past few years.4) 50,000 but average home costs were only 200,000 at the time ( 25% down commercial loan).

As a General Contractor I can do all my own work and get significantly discounted materials. 

With my young son, full-time W-2 job, the fact that I have been consuming a lot of educational materials until now, I just haven't been able to get everything on paper.But as I finish up The E-Myth Revisited, I think I feel comfortable enough to start putting everything to paper, start getting out into the area, and lining up some funding alternatives.Wishing everyone success!

I had to not only list and promote but I had to protect the equity during the negotiations with the prospect buyers, coordinate the move out with the tenant, who was previous property manager and was exercising all her rights which tend to make the situation less than ideal for sellers/landlords.

If you materially participated in the rental this could be another strategy to examine.

Hey @Dutch Marc, Given we are accountants, we cannot promote our services on BP as its against the rules.To help in your search:be sure to find an accountant who is willing to grow with you, and is not too high priced fee-wise.

The lender must review and approve the renovations in advance, and must inspect the completion of all items that cost more than $5,000.A borrower may request reimbursement for their payments for the cost of materials or for the cost of properly documented contract labor, but not for the cost of their sweat equity (labor).