Turned out the county's record keeping was sloppy, he threatened to sue for negligence, money subsequently spent on zoning, in addition for his money back.

I noticed that one of my bed legs (has a wheel) has really worn away at the wood floor (maybe 5 inches length x 1-2inches in width) probably from me sliding the bed at times back into place.

There are many incidents of college students wild party causes structural collapse and subsequence injury and death. 

The principal balance (and any subsequent interest earned) would be used in calculating your net worth. 

It will result in a much lower deduction in all subsequent years, and it will also result in a taxable gain when you eventually sell or trade in this truck. 

Why aren't you reusing the same LLC for subsequent flips? 

One advantage you sound like you have is that you'll be doing a lot of the work, so that gives you more margin than an investor who is hiring it all out.I definitely agree with your subsequent post that you learn by doing.  

The State of California's position has been that any capital gains accrued on California real estate will be subject to California tax upon the ultimate sale of the real property even if the investor had sold his or her California real estate and subsequently 1031 Exchanged into investment property located outside of California.

When you've established yourself in the first few deals with the money source, you can command a bigger share of the partnership in subsequent deals.  

They subsequently turned down a $50k offer to vacate.