In this situation what I did as a contractor is make a google sheet with every transaction that I made including material and labor and I would fill in my daily spending at the end of every day ..... to further note every Sunday my partner and I would go over this google sheet so we were always on the same page.

If you keep making ridiculous offers, every day, one day one will stick.

And the settlement statement is the basis for the cost of the property. 

Their taxable gain will be based on their adjusted basis in the property. 

I’m not afraid of financing, but I am afraid to just hop into something without a good basis of understanding.

If your interest rate increases 75 basis points, who cares?

Almost every day.

However, only your accountant knows all the facts and the sale may potentially not be subject to the $3,000 annual loss limitation if it is a section 1231 / 1245 / 1250 asset.Furthermore, many taxpayers think they have a loss when in reality they have income(they forget to reduce the basis by the accumulated depreciation).In addition, you may have suspended passive losses that may be released upon sale.

Even though though many banks will look at cap ex reserves when determining loan amount on a debt service coverage ratio basis. 

. 🤪 A fun fact about yourselfI fast everyday untill around 1-2pm