The renovations included ceramic tile in both baths floors and tub surrounds.

Describing your buisiness in the Articles of Organization/Incorporation at start-up is very important, (which we have done).We will just pay our fair share of taxes...cost of business.Jon Holdman : Thanks for the context.

Perhaps you've incorporated these into your repair & maintenance estimate.If this property were right out of the box (and if prop tax in fact did not increase) then your cap rate at 180k would be 15%.

I'm thinking they wanted additional security for the new loan so it was easiest just to keep the old dot and incorporate it into the new note.

Great points made above....Here is some better advice as to my last suggestion of just pouring the floor...LOLGet that sub that has more experience with the city and incorporate him as your lead contractor to deal with the city as you go along, pay him a bit more to act as the GC in areas of running the job per the plans and specs, with you having final authority.

The 401k holder would take this route to enable them to "make a living" from their incorporated RE business, versus having all profits flow back into the tax-sheltered account (which would be necessary if your 401k was directly engaging in the activity.)Steven Hamilton II or @bill walston - can you shed some light?

I believe most of the books in the library have been somewhat vetted or they wouldn't have purchased them for agents.I also know that there are investor oriented materials as I know many Realtors that have spoken about so and so's method or system and a few Realtors attempt to incorporate investor tactics into thier business.I was hoping some of the established investors here would provide some suggestion, not only as to a book but what to dig for, what interests you or the majority.

The account he stole from is registered to my legally incorporated corporation.The 2 checks were:1.

Should I go ahead and get incorporated?

We've done steel/iron tubs, ceramic tile, countertops, sinks, etc.