You have to comply with many variables such as municipal as well as state issues.

So if I want to change a window, a door, replace more than X amount of sheet rock, add/remove/move a wall, fix any electrical, change out plumbing, replace AC or just about anything else I need a permit pulled by a licensed contractor otherwise the city will fine me, shut down my job and have my utilities disconnected if I don't comply.

FHA is government funded and operates under a different set of criteria.

Might see RE Operator, if it's a job it's hardly investing.

This is a good deal, but your evaluation is wrong.NOI is defined as Gross Rents - Operating Expenses.

I know more than one legal firm that seems to like commercially zoned houses to operate out of.Now I have a nonconfrontational, while honest question and could use an equally honest answer.

I mainly invest in businesses that operate solely from the net (aside from my investment company).

Commercial property operating expenses average between 40%-50% of AGI (agusted gross income) therefore the listed expenses are incomplete (they show only 31%) and thus the NOI is incorrect (too high) Furthermore, the Cap rate for that type of building in that area seems a bit expensive to me (I could be wrong about that).

This election is typically recommended for operating businesses that are profitable.

You get to reduce the income you pay tax on by claiming expenses you used to operate your business.