Other tenant works at dentist office and hotel which are closed as well.

-      If it was their primary and they want to take a cruise or pay for college then you remind them that their profits may be tax free (of course if they list with you :)     If it was an investment property and they say anything about purchasing more investment property or buying a vacation rental in another area then you definitely want to let them know that the 1031 will help them do that an they won't pay tax on the gain.Thats all you have to do and in all of these answers you are giving valuable information, cementing their perception of you as a professional in the field. 

Now, if you work full time with nice income, for example a dentist or engineer and don't know much about buying correctly or rehabbing...buying the turn-key property will be much cheaper for you in the long run.

Usually, the cheapest way to develop a property is to continue the use - IE: if it was a dentist, get another doctor, dentist, eye doctor, vet, etc as a tenant.

The inspector determined the slope of the cement walkway outside was toward the house, and needed to be changed otherwise water would pool up there when raining.Good luck!

The basement has poured cement foundation. 

It could literally be a matter of inches of your driveway on their property (if at all) and a $200 rental of a cement saw and a few hours will solve your problem. 

We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.

Added new kitchen and bath, glass garage door to let light in, sealed cement floors, landscaping cleanup.

can reduce capital gain by 15%,,delay 4-10 years or even avoit it after 10 years...3- A $12M commercial building can save up to $600k taxes every year if you can qualify4- Can save up to 28% in expenses every year if you have a maufacture, laboratory, dentist, doctor, storage office, etc...Pretty powerful...