I am not a contractor, but I know a thing or two on construction and architecture.

Do you have to provide construction plans too, or just a list?

PS: I'm also a little leery of the construction quality of some of those new homes.

So I am correcting that.Of course, our business is doing development and new construction, so it's a little different than most of you, but... just curious.

Surely they can call the partnership an on going business that will acquire more properties.There are business expenses needed for any operation and ones specific to the acquisition and management of real estate.Most notably in this case driving to properties that they need to evaluate, then manage construction, then possibly rent it out and manage the properties.I'd think any marketing expenses and other general expenses should be treated that way.

Hi Robert,I think you definitely have a legit and worthy arguement due to the fact that the current shingles are the original existing shingles that were installed at construction.

Is there any, if so you might use that in several ways.I believe you said you were in construction, you can use that to build equity in other deals with your services.:)

I noticed with interest the buildings and construction and wondered about the opportunity for real estate investing.

., PLUS all the other building and development costs) Some foreign investors made an offer for $585,000 for both lots, telling the seller they can close in 10 days and construct the house in 90 (right.... but I digress).

I've driven past it and the lights were on at night and with no curtains, I can see inside and it seems to look really nice.A brand new constructed house for $25K.