- My opinion is you should try to negotiate a compromise with the seller and if that does not work out, sue in small claims and hope for a positive outcome.  

It can work out great for both parties when set up correctly.

So, when you replace something and make it bigger, better, or last longer, it’s categorized as CapEx.On the other hand, repairs are generally routine maintenance tasks that keep the property in its ordinary operating condition.

@Gabriella PellolioTaking out a second loan on your primary residence can be risky if for some reason your new investment doesn't work out.

If I can't get a substantial premium above the market rate, it's not going to work out.

The payback is around 7 years.Yes I know about submetering and all but trying to keep track of all that lots of work. Out

Hire thoughtfully and let them go if they don't work out as well.Bonus: Train your VA how to use AI to help with research work and they should really learn from you how you want your research performed.

However, houses are frequently, almost routinely, removed from the sale process when the borrower makes a catch up payment or two or when the bank perceives some risk to a sale meaning that the property may leave a deficiency.

Operating expenses are routine and necessary costs to keep the property in its ordinary operating condition, and they are typically deductible in the year they are incurred.You also mentioned the benefits of classifying something as an operating expense versus a capital expenditure.

Investment Info:

Single-family residence wholesale investment.

Purchase price: $100,000

Sale price: $112,000

One more wholesale deal in the books. This one was special because it was completed with a...