With a full rehab that extensive I would estimate $50-80 a square ft unless you doing some work yourself.  

For instance, when it comes to flipping houses, I know roughly the profit margin that other investors are trying to make in my area.

The children are listed as occupants on the lease but only the dad is the primary on the lease as he originally signed it.Now he is upset because he will not be getting his deposit back as there is extensive repainting/repairs that need to be done that go above and beyond the deposit.

(and certainly not all the extra interest that accrued at the default interest rate. )Question :  Do we, as investors, then get to claim a tax loss or write-off for all the interest (including the default interest & extension-points) that was not paid?

I have seen instances where they pull utility bills, find out they are in someone else's name (because it's being rented) and launch a fraud investigation.Regardless of what a lender says, make sure you only use that second home designation when you plan to use the home for yourself.

So, in this instance, the low CAP rate was your friend and you added $100,000 more in forced appreciation than you did with the higher CAP.

For instance, it's really easy to pull one over on a rookie by using a non-customary tax proration method or non-standard assignment title policy costs.

Jared,Remember, as a service member you have an extension on how long you can be out of a property, sell it, and avoid paying capital gains taxes/or being left doing a 1031 exachange.

Additionally,there are many instances where you can have several FHA loans at one time.

If someone does an extensive rehab like a similar duplex down the block, and is able to make the third floor a legal part of the second floor unit, it could be upwards of $250k (http://www.zillow.com/homedetails/17401742-N-57TH-St-Milwaukee-WI-53208/40460856_zpid/).