Also, you can only deduct losses against regular income if you are actively managing your property (no concrete definition, but you have to be the decision maker, not necessarily swinging a hammer) or you are a real estate professional (working over 750 hours a year in RE).Example:W-2 income $95,000Rental property Rental income $13,000Taxes $3,000Maintenance $2,000Mortgage interest $5,000Depreciation $7,000Rental loss that I report to the IRS on Schedule E: $-4,000 ($13,000-$3,000-$2,000-$5,000-$7,000)So when I do my taxes, I get to tell the IRS I made $91,000 instead of $95,000.

How did you solved it while maintaing and indoor temperature of 73 degrees in the hot weather?

I would look into getting a few estimates on the renovation/addition and see where the numbers actually come in and then move forward with decision making.You may find that it will be even more expensive than you anticipated, or right where you thought and you can make real decisions instead of hypotheticals.Estimates are almost always free so it can’t hurt to get real numbers.

Deal Maker Q&A or Round Table the last hour of the meeting.  

Its a great money maker, but due to the age and health of the current owners, I can not obtain great financing because there are virtually no current financials.The master lease lets me control and run the property for a year, while creating attractive (if I know what i am doing) financials to position it for attractive financing or a refinance in a year.

If you fit the profile of an out-of-the-box thinker as well and is willing to unleash your creative genius then we have a perfect opportunity to open up the lines of communication and make real estate do what it do here in Georgia and that is MAKE MONEY.

The 4-car garage ceiling was over 18-foot high so he and his friends can play badminton indoor.  

You have to be open minded a business person, keeping ego in the gym and emotions for family, in the office you are a fair all win business professional , Rambo deal maker!

This is the mistake cash buyers always make. Real

The return on investment is higher and more consistent.Another aspect to consider may be do you want to make real estate investing your biz or focus on other streams/businesses that generate cash flow that buys your passive real estate.