(c) The licensing requirements of this Article do not apply to: (1) any person who is employed as a code enforcement official by the State of Illinois or any unit of local government, while acting within the scope of that government employment; (2) any person licensed by the State of Illinois while acting within the scope of his or her license; or (3) any person engaged by the owner or lessor of residential real property for the purpose of preparing a bid or estimate as to the work necessary or the costs associated with performing home construction, home remodeling, or home repair work on the residential real property, provided such person does not hold himself or herself out, or advertise himself or herself, as being engaged in business as a home inspector.

My thought behind doing this would be twofold:1) I can deduct my home improvement expenses (cleaning, painting, remodeling).2) I can deduct the business loss from my personal incomeCan I do this?

It sounds like they did some remodel work to increase value, but also want to be paid for labor over the past year or so, which won't be an ongoing expense for you as the buyer and should be already baked in their equity spread.From what I've seen, small multi-family's can be managed for 10% of gross rents or less.

We are remodeling three units in our 14 unit in order to get rents up to market.

Of course, I need wholesale costs.Work needed:  Ceilings scraped and retextured, canned lighting, Flooring throughout, kitchen and bath remodel, front door replaced/reframed, back door replace with slider.  

I bought it foreclosed and the bank performed a remodel complete with granite in the kitchen, new paint, and flooring throughout.

It needs ALL flooring, needs all new Windows, could use a new roof, needs to be painted, needs a kitchen remodel and the detached garage is literally about to collapse and needs to be torn down.  

New build- 2007, newly remodeled.

We have good network here.Kevin Wells I like El Cajon, we remodeller the Motel 6 there, 182 rooms.

I have been remodeling homes for some years now and I love it all.