However, the precise language of your contract (specifically the option and inspection terms) would control the status of your transaction.

.$140,000 does seem like a lot of money to pay to the IRS. you may want to get a second opinion.unfortunately - it may be one of those issues that the person would have to see your return to give you a more precise answer.Adding the partnership does add another level of complexity.

To look good it needs to be a precision job.

One thing you will definitely want to invest in is a blade for cutting non-ferrous metal (aluminum) in your miter saw to cut the crossbar on top that the door will hang on precisely.

@Travis Timmons@Drew Sygit Incredibly useful advice gents, precisely what I needed going into the PMC interviews and beginning this journey.

I'm obviously new due to the lack of precise verbiage 😜 Anyhoo, I just wanted to reach out and say hello and any advice on starting a team, flips, & rentals is appreciated!

I'm in Michigan, Lansing to be precise.

We measure for tile and other surfaces and buy precisely, so if we come up short it's a time to say 'hmmm'.I guess some argument could be made that a contractor might want to steal something smaller, like a bucket of mud or nails or something - but honestly, the guy who did it would have to be really daft to risk future work over a bucket of fasteners.And a lot of this boils down to knowing who you're working with.

If you don't do the proper paperwork, including any precise language that is required, your eviction will be thrown out of court and you will get to start over.

@Mark Whittlesey - I grew up in Encinitas (Cardiff to be precise)!