(research, get quotes, maybe pay to have an engineer examine it, find out if you would need to pull permits and whether that will trigger code compliance with other parts of the structure and so on and so forth).

Originally posted by @Donovan Castaneda:Pearline you have to complete a 48 credit hours of real state education course before you taking the state test The Missouri Real Estate Commission says to pass the real estate salesperson exam, you can : "....2) Be a licensed attorney and pass BOTH portions of the Missouri salesperson examination.

Drive to examine the problem  1/2 hour , drive to supply house to pick up materials 1/2 hour , drive back to house 1/2 hour , perform work 1/2 hour   There is 2 hours of labor not including materials .  

I'm examining all my options for Washington State and look forward to gathering ideas and information from you all - and sharing what I know and learn.

{When looking at smaller multifamily (i.e <16-20 units) with central heating, the operating costs are likely to run closer to 60%)The 50% "guideline" is a quick, in-your-head, means of performing triage on a property and deciding whether it warrants further examination.  

I've been stuck with title search fees a few times this summer, so I am refining how I screen deals before sending them to the title company.For example, my last seller bought his property without a title examination.  

I normally do what you said: examine previous income and use that as a baseline.

It's a good price point for entry-level landlords and creating turnkey properties can become a lucrative business for you down the road if you learn it now.I would tell your family it's risky but the risk is backed by real estate and the worst case scenario is that only 50% of their money may be returned - come prepared you're asking for their money so they have the right to question and examine all of your ideas and assumptions. 

By most definitions, that price is now market value -- there was no coercion, no fraud committed, no "talking someone into" anything.Out of context, I was addressing Steve's point.When you took your real estate examine years ago, you were exposed to the accepted social aspects of real estate.

It is the intent of the contract that is going to be examined, it is the responsibility of the tax payers to show intent and to provide justification, you can't just say I didn't intend to buy it.