What many replies are missing is your main point which was if your income potential suffers you can ride it out much more easily than someone leveraged.

These comps are all single story, so I am assuming at least for the 3 bed that the common areas suffered in order to make these bedrooms happen.

Hey everyone, Just starting out in a tough market in Long Island, New York and after reading tons of posts, listening to podcasts and getting my real estate license, I think i'm suffering from analysis paralysis on what my first investment should be as a home flipper.

The sale of the home is considered to be for health reasons if the taxpayer's primary reason for selling the home is to obtain medical attention (diagnosis, cure, mitigation, or treatment), or to obtain medical or personal care for a qualified individual suffering from a disease, illness, or injury.Unforeseen circumstances may include: an involuntary conversion (destruction or condemnation of home), unemployment, the inability to pay basic living expenses, or a change in living arrangement such as a divorce or legal separation or multiple births resulting from the same pregnancy, and other reasons to the extent provided in regulationsThe taxpayer's exclusion would have been disallowed because of the "more than one home sold during a 2-year period" rule, except that the taxpayer sold the home due to and of the three reasons listed above.The taxpayer otherwise qualifies for the sale of home exclusion, but there was a period of nonqualified use during which the home was not used as a principal residence (effective for tax years beginning after December 31, 2008).Example: John bought his first home in 2003.

She suffered from abuse and has some work to do on her mental health.

I can see suffering with one or two in the short term, not for the long run. :)

While according to your estimates only 50% of the house was damaged, the entire house would have suffered smoke damage and possibly some water damage.

Complexes with too many non-owner occupants could suffer from a sever value loss as it is assumed that an investor will walk away from an investment property before walking away from a primary residence.

If I were a landlord, I'd have to suffer tenants, and there are laws about their rights.

If I wasnt suffering from a migraine right now, I'd be on the phone making offers.As for Dave Seymour, his sales pitch was actually very short and low-pressure, but still damned effective.