I used my degree in Kines for about 15 years as a Personal Trainer, Club Operator, and eventually Business Owner. 

In another BP topic about Lead Based Paint (LBP), I implied by my comment that a landlord should develop a best practice to test for LBP.

But what it implies is because everything is new I will not use a cap expense estimate but when the items then start to age you need to back load the cap expense estimate.  

Does a trainer know about fitness?

Some of the tax law I've read implies the settlement has to be used to repair the property and it is not taxed.

Though, I'm not implying the officer you talked to wasn't just being lazy...

The clarification about Trusts and illegal activities was intended as an explanatory note and was not, in any way, meant to imply that you are involved in such activities.Said that, yes, you are correct in that few investors use Trusts.

@Fausto Suriel, I see you referencing this as a "companion dog", are you implying "emotional support" animal or is the thing.....oops I mean the dog, a regular type pet that you are charging pet fees for? 

But he got rich in a country that voted for people that believe in larger government, isn't that what you're implying? 

I didn't mean to imply he was fly by night.... but let's say for example (and this is generic) he does few smaller remodels here/there and maybe 1 house... then you scale up to 2, then 3, now 5?