He did not ask for half up front, but also did not outline how costs were going to be attributed, especially since we purchased the majority of the bigger materials ourselves.We recently hired a second contractor to redo our bathroom.

And if that’s the case you have another set of questions about attributing value to a concrete slab that it doesn’t make economic sense to build on.

What do you attribute that to?

I found bigger pockets later.Had I calculated for capex, it would have been far below what we put in (very run down) and there is no vacancy in my very hot market besides that attributed to renovation.We spent a year looking at duplex’s in good/decent markets.

Cash dies a slow death in rental properties which is why I love 100% financed deals.A property that can not cash flow with 100% financing will never cash flow due to the high opportunity value attributed to equity/cash.

I found some really good comps that are all less than .4 miles away from the property, have all the same attributes, and based on these the ARV should be $113,000.

Has several attributes I look for.

At that point CA will want the tax from the gain attributed to the time the property was in the state of CA. 

Using an NRL to finance an IRA purchase of RE will trigger a tax called UBIT on the portion of the rental income attributable to the financing.  

The most common technique relies on the sale prices of nearby comparable properties as well as general attributes of your home, such as size and whether or not you have a garage.Once market value has been determined, the Missouri assessment rate of 19% is applied.