Buyer has accepted but contract not yet fully executed, as many know the way FNMA works is you make the offer, they give you a verbal acknowledgement, then you have 5 days to "formalize" your offer with their REO addendum, then they turn around and execute the contract.This home has some high end stainless steel kitchen appliances, Supra washer dryer combos (two of them), Dorn Bracht faucets, brand new air conditioning units for outside Gazebos, steam shower body jet roman tub modular units, Miele dishwasher, 48" long SS outside BBQ unit, etc etc etc...and because the home was never 100% finished, some of those appliances were not hooked up or installed, they sort of sat in their space but some still had styrofoam wraps around them or manuals taped over them.So, I listed all those in my contract to purchase, where you typically list included items, like ceiling fans, window treatment blah blah blah.The Listing Agent wiped all that out.

Another matter is that any contract that is seen as improper or carries favored treatment of the party who drafted the agreement can be interpreted to the detriment of the party drafting the agreement.

So it just depends on where you live and what the upside is.. not only that but when the tax treatment changed for owner occ to 500k tax free you have that as well going for yourself I know I partook in that one a few times and it did far more for me than owning any kind of rental I could have bought or afforded at the time.. it was a no brainer the personal resi in the bay area was hands down the best thing I ever did..

they work really well, but usually require a few treatments.  

One of the buildings shows evidence of treatment for termites.

Both brothers were in their 70’s or so, and one of the brother was moving to Houston for cancer treatment.

End cost was a few hundred which included the new box which wasnt in the orig bid of 4 to 5 K jut for ceiling lights and wall outletsBut to make a long story short could not be happier with pex and have another house getting same treatment(as soon as I get my roofs all done,,,and a basement step project). 

Flipping does Not qualify for cap gains treatment, it's ordinary income subject also to unemployment taxes.  

If they are "Condo" then you should have separate deeded property and you could possibly get residential treatment on each. 

From the minute I arrived he started pressuring me to give him a clean WDO and that a treatment had just been done and there was nothing wrong so I really didn't need to do an inspection.