I'm very honored and appreciative that he took the chance in me, especially because neither of us ever flipped a property before.One of my contractors left my 1st flip's patio door open over the winter and the condo's pipe burst, flooded out the 2 units below, I was terrified of how much damage it caused, I brought the neighbor below flowers on three occasions as a way of apologizing, then asked if I could buy her unit, I acquired it, so I was working on two flips at the same time - which was a managing/learning experience, now I know I can do this constantly.Thus, 2015 is the beginning of my investing experience, at 31 years old, I'm here to learn more from you (members @ bigger pockets), to read and educate myself, to be like you, and to one day, give back and advise others.I recently paid off my student debt, I have been miserable trying to accelerate that worthless debt's payoff, I have so many friends with 50-150k in student debt, it's NOT an asset, it doesn't create security.

3) Would renting out the condo based off this info be a good move...Built in 2013, two bedroom, bi-level, parking, and patio.

My story is like many...When you talk about biggest Gaf in real estate, some might relate to this odd but not out of the ordinary scenario.  

.• The property has a patio and the comps he sent seems to not have any since they all have “None Noted” in that section.

There’s no alleging here, everything we have is documented and your representing attorney has it all, including the initial settlement offer that you guys proposed, with the non- disclosure agreement 🙂@Mario Ray It’s good to hear and see that their reviews are starting to catch up with them and reflect the common occurrences that they claim are out of the ordinary.

Profits from building a spec home are ordinary income, plus med/SS, period. 

I pay for repairs to my buildings unless it is something very out of the ordinary that the tenant is directly responsible for. 

For improvements, a deck or patio can be a good investment.

If he makes $500K/year and I make $50K/year we're paying Uncle Sam very different ordinary income tax rates.  

Time to start getting actual bids and prepare for closing.We debated what work we wanted to actually do, much of the house was very functional, but the basement/driveway/patio/roof were big ticket items - so with so much cost just to fix those, we decided to go all out and update pretty much everything.