I'm thinking of buying a cheap house that needs alot of tlc, nothing specific in my mind yet, and throwing in time and money to fix up and rent. I'm thinking if I screen tenants and accept section 8 then I should pote...

IF you are doing cookie cutter, standard size and standard entry level price points AND you are doing quantity each year, then yes, the same or similar template is appropriate as part of your systems.

I tell you all this because I have read that there are certain stipulations on income level when it comes to offsetting your income tax. 

PA does not recognize 1031 on the state level. 

Lower unit is 3 bedrooms; upper units 1 bedroom each.

@Patrick Ng PM me so we can connect and I can help you on a more personal level, Military Veteran to Veteran.

Brad Orpano if passed it means they’ll get rid of requiring banks to check income on loans if they’re under a certain asset level, meaning we’d be that much closer to extremely lose lending financial conditions again

Upper main roof first half replaced 8 years ago, second half replaced last year, and lower roof was replaced last month.4 Separate Crown Aruba Gas Boilers, regularly serviced and approximately 20 years old. 4 Separate Gas hot water heater (ages vary)Washer Dryer hookups available in basement for coin laundry for additional incomeExterior painted two years agoShingle sidingProperty just passed state inspectionReplacement energy efficient windowsPurchase Price: $210kAppraised Value: $285kProperty Type: Quadplex/Turnkey tenants in placeArea: BUnits: 1-3BR, 3-1BRRental Income: $3365 Per Month / $40,380 per year (rents can be raised 5% upon lease renewals)Utilities: Separately metered, each tenant pays their own gas and electricHouse Utilities: Common area utilities are about $20.00 per monthWater/Sewer: Landlord pays $1500 per yearProperty Taxes: $7855 per yearInsurance: $2500 per yearLandscaping/Snow removal: $1221.00Vacancy: ???

I'm not buying that "surban" stuff.I never liked reading about these predictions of the future that only look at the habits of the upper middle class and white collar.

I think finding a partner to do some role plays using his principals would be a good idea to get my negotiating skills to the next level.