@Kourtne Stancil Sometimes the curb appeal can be difficult to achieve in the older and lower income areas.

On the contrary I spoke with an experienced General Contractor who said permitting shouldn't be that difficult, however I don't have any direct experience with permitting yet!

This would make his income capital gains and depreciation recapture rather than a mix of cap gains and earned income.What are the tax implications if purchase price is, say, $500k, and at time of death principal balance is $400k and he bequeaths the property (worth $600k) to me?

Josh,I wouldn’t say it is terribly difficult to find a good MFH in the DFW area depending on your contacts and your diligence to work hard and move quickly.

And it's actually all kind of a creamy color - the white balance in that picture is kind of off I'd say and makes it look whiter than it actually is. 

It will be difficult to get top dollar for the large house when everything around it is renting for cheaper.

It's an easy lease up and won't cause vacancy and I get rid of a difficult tenant that is a time sucker.PM industry gurus for years have been promoting the fee's as additional income.

It is very difficult to find a deal to fit the numbers considering every 3/2 in the B class neighboorhoods are over 200k. 

Again, I have 100% equity in the house.I was asked why I don't get a home equity loan and the reasons are 1) My credit probably shows me to be a "ghost" since I have not had any sort of credit in the last 7-8 years and 2) I have worked for myself for the last decade and my income is usually in cash so, it would be impossible to prove any consistent income.I never would have thought that getting a short term loan under my circumstances could be difficult to put together.

These threads pop up every once in a while -- a teenager outta nowhere asks about how to get into REI -- and I find them difficult to take seriously, but I've never said anything.