The only issue to be decided here is how much of your basis is land, and how much is the building or other improvements.

It is the largest line item in that typical household budget.

I'm a military member who is new to New York (Staten Island).

I was wondering if anyone has any information about local REI meetups on Long Island.

Installing a new kitchen with an island, and a new bathroom on the 2nd floor. 

My name is Joe Brasile  from long island NY.  

ESPECIALLY in the Millions.... you MUST do an IRR and take EVERY Future Cash Flow into Account.I know that some readers will just be biased against the IRR, they will still be the horse that I bring to the Water but just refuse to drink.I say that if you are serious about expanding your portfolio, becoming that multi-millionaire (or billionaire), then do it from the very smallest to the largest investment as you grow.Caleb, if you are having difficulty with my posts and these spreadsheets above, you are welcome to go to your friend who understands the importance of the IRR.

Nice last name, we have Coronado island out here in San Diego, a wonderful spot! 

I suggest you look at neighboring cities if you are interested in Rhode Island.

The rankings for each of these individually is:Top 10 broadest economiesSan Diego-Carlsbad, CABellingham, WASanta Rosa, CAEl Campo, TXBoise City, IDReno, NVPampa, TXBurley, IDMissoula, MTNaples-Immokalee-Marco Island, FLTop 10 strongest economiesDuncan, OKBoston-Cambridge-Newton, MA-NHFrankfort, KYIndiana, PAMadison, WIProvo-Orem, UTSalt Lake City, UTSan Francisco-Oakland-Hayward, CABarre, VTBirmingham-Hoover, ALDataYou can find all the data and calculations in this shared spreadsheet: https://docs.google.com/spreadsheets/d/1ty2bMCNyQF...Feel free to copy it to your account if you want to tweak the numbers or dig in yourself.MethodologyThese rankings were all compiled from the 2015 SUSB Annual Data Tables: https://www.census.gov/data/tables/2015/econ/susb/...