@Karen Bolyard didn't they test you on this stuff to get your real estate broker's license?

This is wonky, but as you are discovering, a lot of this stuff is wonky:https://www.thetaxadviser.com/issues/2016/feb/taxation-of-wo...

Nuparadox  👏🏽 good stuff Anastasia!

Some stuff you can fix it yourself for much cheaper.

Rest of stuff painter/handyman service and a maid.

Also make sure you secure your building during renovations, I had stuff stolen during construction when I did a full rehab which was a pain.

Complex stuff for the "average Joe/Jane" but simple stuff for accountant/CPA that can all but answer without thinking, because you've answered it 47 times, in last week/month whatever. 

In this market, trying to extend them or be provided extra time may be difficult given this strong seller's market.Generally, yes it would be good if you have a "feel" or "inkling" of what it takes to repair/replace stuff. 

Think about all of the strip centers you drive by, the vacant parcels that could be for a new home(s) or the warehouses where you your stuff from Amazon sits before your order. $50,000 is plenty of money to start.

I was hoping to jump in by the end of September 2015, but the more I read, the more stuff I find to read and I'm not sure Sept 2015 is a realistic goal for me, since I have a full time job and other parts of life get in the way.