So take that with a grain of salt, and to get a more accurate number, find all possible 'big ticket' repairs with cost estimates.

I have only closed one investmennt property for myself so my answer should be taken with a "pinch of salt" for what  it's worth.  

Or do I take the city's plans with a grain of salt?

You'll see salt-like deposits left on the concrete.As far as structural issues, use a quick test with a golf ball upstairs.

@Justin R.It's a good question and take my advice with a grain of salt as I'm not a lawyer and one familiar with entity structuring should be consulted.

I'm not a full time investor, so take what I say with a grain of salt, but here goes:Milk your W2 job as long as you can (insurance, paycheck, etc..), take advantage of your extra time you'll now have on your hands (because I'm assuming over time isn't being doled out).

Lately, there have been many predictions that salt lake and provo/orem won't hit bottom for a couple more years.

Take this all with a grain of salt... because I don't think anything will happen if at all until late October or so.6/10/2009--Introduced.Home Ownership Moves the Economy (HOME) Act of 2009 - Amends the Internal Revenue Code to: (1) extend the first-time homebuyer tax credit to all individuals who purchase a principal residence (currently, only first-time homebuyers as so defined); (2) extend such credit and the waiver of recapture requirements for such credit through 2010; and (3) repeal the limitation on such credit based on modified adjusted gross income.

I want the equity and I am willing to forgo the current income.I have other questions but I think that they may be answered along the way.Thanks to anyone that has some insightMatt from the Salt City.

We paid for 24 hours of plowing and salting this year $300 labor, $400 calcium chloride pellets.