Is it permissible to use the de minimis safe harbor election and expense the renovation costs that fall below $2,500 instead of capitalize them?

Plus, you have risk of being a principal in the transaction as a wholesaler.One could (and some may say should), consider converting your presentation to motivated sellers to a listing presentation and not offer to buy it yourself at all.For example, with your managing broker's permission, you could get either a full listing contract and market the property properly, get your seller maximum dollar (whether that's to an investor buyer or owner occupant buyer).

You have my permission to be brutally honest. 

(Not much equity if any)What I've done since this all happened is call Countrywide, got permission to Countrywide from Adam to talk to me about his accounts and have gotten them to agree to let me assume the loans by simple assumption providing I can get a letter from the bankruptcy court stating that Countrywide has permission to change the name on the loans.

I see some "investors" advertising short sales where they've gotten permission to "deal" with the lender.

You (or your contractor) will have to get permission for every jurisdiction you move through.

I once did a roof in a place that didn't care about the roof as far as a permit, but I did have to get a permission letter to have the 10 yard dumpster in the yard, it had to be gone in 30 days.Foundation.

I was not sure if this was permissable to add my listings?

I have his permission to put in new carpet now.

You might try getting permission from owners of lots where you'd like to place them.