Cat is a maybe, maybe not.I suggest that you give the stains a good soak with an enzyme cleaner, let it dry, and then paint.Paint is cheap enough so you don't lose anything by trying.

Flipping seems pretty cut and dry.

Paint inside, and out, they've painted on the brick exterior and the new shed I put in just for them, they've ruined the carpet/vinyl and decided to rip it out thus they've stained up the hardwood floors, the kitchen and new appliances are toast, busted a new window, torn out and lost new screens, the bathroom WAS new, they've ran a leaking clothes washer and soaked the floor which is probably ruined, that leak has gone into the heating duct work and has pulled away from the furnace, they tore off every down spout which has resulted in what used to be a bone dry crawl space being wet, I cut the yard yesterday(when I saw all this), and they are three weeks behind on rent.Human trash is being kind...

There is always a tradeoff between "keeping powder dry" to exploit inefficiences in the market and "keeping your money working."

If it is the joint compound for dry wall, all you have to do is get it wet and let the water soak on it.

Good for you.Harry,Congrats on pulling the trigger and starting your RE investiment portfolio.

Failure of the counterparty to take actions by a certain date would trigger the payment of the $6,500 in escrow to BMRES.

First, if you have ever listened to someone talk about something they obviously had no passion for you would probably agree it is like watching paint dry.

When determining whether the sale of an asset will trigger ordinary income tax or long-term capital gains tax, the IRS looks at more than just length of time the asset was held -- they also look at intent.As an example, if you purchase a property to flip, and it takes you 13 months to flip it, the IRS will dictate that you pay ordinary income tax on the profits from the sale of the property, not long-term capital gains, despite the fact that you held it for more than 12 months.

forgot to add -- when defining the Effective Date in a contract, you should also use the term "Effective Date" to trigger time periods.As in: "the inspection period shall be 45 days after the Effective Date"