A heat pump would have the added bonus of doubling as an air conditioner in the summer {vitally important in a big old Vicky with no insulation}.

And as a bonus question: how do you determine how much it's going to cost so you can quickly make offers, but not lose money on the deal?

I worked for a major 500 company and the hours and the bonuses I made for my bosses were not worth the times they had me give a "yes massa, no massa, your so right massa performance.My father was a builder, contractor and he had become friends with Henry Kaiser when he was working on Henry Kaisers estate.

Can you bonus or prepay your best contractors?

The remaining 10k would be depreciated over 5 years.It will qualify; however, you may want to straight line depreciate it or just take bonus depreciation to push some expenses to next year.

I gave both parties a good faith cash bonus as well after closing (to calm resentment).

We also learned that HUD will not pay bonuses even if they cannot deliver clear title.

Now add to that a bonus $100,000-$200,000 at resale of equity profit built from the start and on that small cash in the return numbers are quite impressive.

The added bonus is we get to keep the interest earned (even it it is only a whopping 2%) rather than the bank getting free use of our funds.

I then take my capital and have been buying rentals out of state for lower prices, better cash flow and the bonus of less tenant friendly laws.