Contracting repairs became second nature after that experience and it has served me well in my current and past endeavors.Thanks for the welcome!

My field is chemistry, but I have always been interested in real estate and business, and i'm a natural born salesman (at least that's what everyone says).

And since we are not talking about long-term capital gains (property held less than 12 months) then rehab expenses that I would normally think of as being capitalized (like adding a new bathroom) are not really capitallized (and depreciated) because of the short-term nature of this type of transaction.

There are laws on the books to protect people's rights from just the kind of predatory practices that you committed.Regardless of the (to you) sneaky and abusive nature of this tenant you must follow the law.

I still owe some money on it still paying on it.. so naturally i want to sell it a price where i can atleast get my money back that i've paid on it....

What is the nature of the business?

Changes in the market conditions based on something that is not just natural rises and falls.

He suggested duplexes might be a good idea because we could both get our own 'home' to live in, and when we are ready to move out, we could either sell it, or if need be rent it out.He also advocated flipping homes because of its short term nature and he thinks he can get cheap rates for contracting.

Mostly due to the properties being out of their region or the speculative nature of these loans.Understandable, but this is before I even mention anything about the loan specifics or investment background.

The location is premium, space is adequate.