So, for a $100,000 loan under this program, your total loan fees to us would be $3,500.

But I did it pre inflation so the total cost was around $75K at the time. 

That is one of the reasons we have set in place notifications for any estimate of repairs exceeding $500 of which these repairs were 10 times that amount in total.

I just looked at a utility bill with a total charge of $184.12 but $116.50 is from base fees!

So the value and equity of the land you have counts towards the total value of the deal.

I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

I totally agree, big investors can go nationwide, but knowing the ins and outs of your local market makes all the difference.

For example, one exemption is tied to your total revenue which is $5M in gross sales or receipts in a calendar year. 

I've seen smaller guys do a good job on 49 projects in a row than totally blow it on the last project.

The loss created by section 179 is limited to your total net taxable income amount from all "active" business income you have, plus any W-2 income.