I have not signed a contract with him or anything of that nature.

These issues can get very complicated depending on the nature of the transaction.

Most kids aren't naturally mean or judgmental - they become that way based on what they see and hear from adults.All my tenant quotes and stories are from adults, and I think I've blocked most of them out by now LOL

, quite naturally, tend to want to do all that backwards.Some examples:Chipping paint in a pre-1978 structure?

@Taylor WhylingsIf you can document original intent to hold as a long-term investment generally the gain would be capital in nature and not ordinary gain subject to SE taxes.Short-term capital gains = holding period of one year or less = subject to income tax at your marginal tax bracket.Long-term capital gains = holding period of more than one year = maxes out at 20%.If you're subject to the next investment income tax (NIIT) add another 3.8% on top.Plus state income taxes as well.

Most folks on BP don’t operate in areas where appreciation gains significantly offset the near-term value of cash flow value, so the natural answer you will receive is to sell the property.

Do you have natural gas piping to your property because that is the least expensive way to heat with the exception of solar or some sort of rare underground thermal heating.

That is up to the investor's discretion.Having set up thousands of these and carrying out many conversations of this nature with investors and lenders I ensure you that it works.

My son and I were having a real estate discussion this afternoon, and came up with a question that we weren't sure how to answer.If you have a rental house that is fully depreciated, and is then destroyed - natural disaster, fire, bulldozer, whatever - and then the land is sold, is the depreciation recaptured?

You can make money through cash flow, forced appreciation, natural appreciation over time, mortgage pay down, tax savings, and probably some other ways I’m forgetting.