I bought a Mig welder and a bunch of tools and suicided the doors on my Ford Ranger, shaved the door handles, sunk some different taillights into the back, ported the intake, custom built an exhaust, modified this, customized that. 

This Addendum to Purchase Contract is entered into and is effective as of ___/___/___ by and between Seller(s) and Buyer(s) (hereinafter referred to as “the Parties”) and shall be deemed to amend, modify and supplement that certain Contract dated ___/___/___ by and between Seller(s) and Buyer(s) (the “Purchase Contract”).NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Short Sale Purchase Contract Addendum and of the representations, warranties, conditions and promises hereinafter acknowledged, Sellers and Buyers hereby agree as follows:1.

Anyone out there with an existing Nevada Lease Agreement that we could modify to fit our needs?

Do we modify the plan and try house hacking?

The debtor may need to propose a modified plan that reflects the additional income.

Unless that doctor has a modified AGI of less than $150k (which is unlikely for a doctor, trust me) or has a spouse that's a real estate professional, there's no way he can use regular real estate losses to reduce his taxes...If his return is selected for examination he'll be hit with back taxes, interest, and penalties.

@April BirdsongAs mentioned, material participation of $25k allowable deduction phases out between a modified AGI of $100k to $150k.You might be able to deduct some of the upgrades if they were smaller chunks.. maybe?

In this case, I would modify that to: "How much can you afford to lose as a result of a 'good business' decision?"

Definitely a good initial eval.Mark, good to know, what are some modified screening criteria for your markets?

He knows what they've done, and I've asked my agent to find out if he will modify the porch back to it's original state.