A homes features and potential dictate what the treatments and finishes will be.Start with the kitchen.

Unless you elect special tax treatment, the LLC is a pass through entity for taxes.

Hi Jack, No, unfortunately what you describe will not qualify for 1031 Exchange treatment.

Also, since he has lived in the property for the last two (2) years he no longer qualifies for 1031 Exchange treatment.

They do an initial cleaning and treatment.

Hi App196, Your structure does not qualify for 1031 exchange treatment.

The engineer will then give you 1 of 3 answers.1) No, you can't tie into the sewer system and you are stuck with septic or other local treatment.2) Yes, you can tie in but you will need to build a lift station and pump the sewage to the City system (can be expensive).3) Yes, you can tie in and you can do so by a gravity line with no pumping (usually much cheaper.)Good luck.

., repair or replacement of structural damage, chimney repair, additions to the structure, installation of an additional bath(s), skylights, finished attics and/or basements, repair of termite damage and the treatment against termites or other insect infestation, etc.).

This is a complex issue and you should get advise of a competent CPA that understand real estate.Dealer status asside any rehabs or "flips" will not get favorable capital gains treatment.

A nursing home is a long-term care facility licensed by the state that offers 24-hour room and board and health care services, including basic and skilled nursing care, rehabilitation, and a full range of other therapies, treatments, and programs.