Depreciation is calculated at 27.5 years on the house only, not the land.I have been told that anything consumable would go into the basis.

Primary negatives are most agents push retail and above prices, the information they provide can be very questionable, time consuming and delays, and not fully communicating between the buyer and seller.

Wholesaling is very time consuming I would say if you have the time to negotiate the deals your self then do it!

I am located outside of Pittsburgh so I know a little bit about the area.IMO the most time consuming tasks starting out in RE are education and acquiring the first deal.

In PA, the electricity bill follows the consumer of the electricity.Other utilities vary all over the state, but the one thing in general is that if the utility is a municipality supplied utility, it is lienable to the property.

I even called the Florida Division of Consumer finance and am still not exactly clear on compliance (I will be making some attorney calls next), but...From what I can decipher, having an attorney/MLO draw up the paperwork and close on the loan seems to be the simple answer.

However, because each of the three major credit scoring companies compute this score slightly differently from each other, the discrepancies often create problems for both lender and consumers.

Lines like flood and earthquake have low claims ratios, but the variance is very high, making them good consumer deals.Actually I think you're confusing claims ratios with expense allocations.

All of that would make using the LLC to acquire property strenuous and time consuming.

If you do not you can raise food prices some but maybe not an amount the consumer will pay to keep your same profit margin.Most utilities are separated out except for water in older buildings.