Half the time it is user error and they didn't do the work.

It was essentially a half-done, bad flip that didn't sell as expected.

Quote from @Seth Timmerman: Quote from @Elwin Green: Hi, all...Half a lifetime ago, in the late 80s and early 90s, I took a run at real estate investing.

I am currently ending the co-ownership because my dad seriously screwed me over & I have no idea if it'll end with me getting half the fair market value now or waiting until my parents die before I assume it. 

PM had been pocketing half the rents for 10 years.

So true I mean rent free would be #1 goal but I can make do with half my living cut down .

Completely renovated main level:* Demoed and redid kitchen with new appliances* Refinished floors and reglazed bathroom* Replaced the roofComplete demoed and finished the basement and landscaping* Replaced half bath with full and added 2 bedrooms* Replaced entire plumbing including sewer line* Added second washer dryer* installed stamped concrete patio and walkway plus fence* All new landscapingWhat was the outcome?

However, only those classified as "real estate professionals" (REPs) benefit fully from these deductions, which are usually limited to those who spend more than 750 hours per year or half of their work time in real estate.

If you're getting a lot of traction with prospective but qualified tenants that would like to view the unit - let them know the time that the leasing/showing agent will be there so they can view the interior.If they're going to lease the property for you - one to half a months rent is fair compensation.

I wish I had even half your discipline when I was 16.