@Rudy Manna, @Albert BuiI need some clarification here, so please indulge me.  

It's a multi in our home town and by all accounts a pretty good deal.As we are unfamiliar with this whole process please indulge my newbie question.

We stuck to the same tight budget we had initially, living off an allowance each week and not indulging in expensive things.

Yes, contrary to max profit analysis, I am now indulging in some design elements in my rehabs.

Always best to have multiple eyes looking at it).I'd be happy to share more details on this if you like, however, I do not want to self-indulge. 

I've been a lurker for the small amount of time that I've been here, but I've learned quite a bit by indulging myself in reading many past forums that commented on transactions and market analysis.

Any indulgence on the situation at hand would be greatly appreciated. 

After I decided I wanted to retire in 10 years or less, so that I could spend the rest of my life with the people I love travelling the world, I began to indulge myself in financial education ( One of which was the BP Podcast!

Hello Bigger Pockets,I have been sneakily monitoring the boards and indulging in podcasts over the last several months and I truly appreciate everything this site has to offer.  

I typically don't let my clients indulge in serious tax planning (like what you described) unless that are quickly growing a business or have a decently sized portfolio.Interview CPAs around the country.