A growing economy will naturally increase revenue coming in.

:rock: And, Will, it still seems that you are STILL skipping over my argument that you referenced no earnest money as a factor of this "current market", and my point is that it has nothing do with the current market.

Anyway, this buyer LOVED it, wants to buy it at full price, but due to the unfinished nature of the home, got it in her head that she could customize EVERYTHING.

I have a basic understanding of the expenses I will incur however I am not sure if I will need any licensing or permitting or anything of that legal nature.

Thank you, and keep on rocking!!

I have close to 30 properties on section 8 now and really a new rental is held exclusively for a voucher, they’re rock solid stable investments. 

If you have the space why not do a compacted dirt then gravel compacted then rock.

I contacted the lender, and they said "Per Investor guidelines, we must use the appraised value or sales price of the home from closing (whichever is lower)" - so naturally the sales price of the home was much lower because it needed work and is at only 87% LTV based on that original number 5 years ago.

Put in a very nice Grohe shower system that's really far too good for this rental, but I got a great deal on it and it's rock solid.The sill was 2 cm marble I got from a friend, sealed with 511 Impregnator.

On a high level, here are the basics: it's a section in the tax codeallows you to avoid paying capital gains taxes on specific investmentsMove profits from one property into anotherLike kind properties same in nature or character45 days to id new properties to close on180 days to close on an identified propertyAvoid taking possession of the moneyTalk to your lender (and your CPA) about this as they can advise you on the rules for a 1031 exchange.