That is not the case with conventional loans (another factor to consider in your analysis).

You would typically want to have your contractor walk the property with you before you make your offer so you can factor the rehab estimate into your analysis and then you would have an inspection done immediately after you get the property under contract during your contingency period to make sure there's no other issues.

The do verify your income and credit, so keep that in mind Jason just keep in mind that even a Spark card is quoted as a business card, it still reports to your personal credit reports so utilization is still a factor.

That said, there s more to factor into your depreciation calculation.

Any suggestions are appreciated as I need to factor this into my budget for purchase.

I am interested in purchasing distressed and REO properties that would be ideal to rehab and flip.

(you would also have to factor in the de minimis exception)

Figure out the ideal property for you and analyze every deal until you the one closest to it.  

I've got a vacation planned for the second-half of March and would ideally like to have at least one contract in play by the end of April.I guess that's all I have for this post - I've been putting off writing it for a few weeks and finally decided that I needed to get this done so you guys can hold me accountable to meeting this goal.I live in Parker and work in Greenwood Village (DTC area) if anyone wants to get together!

Question 1#Is it ok to factor in the properties average tax return towards income?