And then take the 2012 property taxes and add this to my schedule A. Is

If stagnet, sell as you like.Your agreement will include a re-purchase agreement where he agrees to buy back the lots at a set price, your guaranteed profit at YOUR option within a set period of time.You could also work out a few lots whatever on an option and sell the option, whatever you're more comfortable with and do the same thing after the plat is filed and you are paid off.If one lot is too great in value to take it all, take a % tenants in common, 50%, whatever, with that you need an agreement to sell, a set price and how it can be bought out or who has power of sale, not hard.

coincidently, right after speaking to steven on the phone i got a call from a CPA here in tucson. i'm going to see them tomorrow.i spoke to several CPAs when i got the first IRS Notice and they all said to refile and report expenses on Schedule A. (I

That's the power of forums.

Originally posted by Dawn A.:I

Utilities (gas and power) are all separated, other than cold water.By the 2% rule, this looks like a reasonable investment.

I'm talking about putting down mulch & maybe a couple flowers up; power washing the siding & patio.

You might get a special power of attorney from your friend to hire the contractor and close the transaction, then the owner won't need to show up, if that's a big deal.Looks to me like working with the contractor, a simple agreement keeps you in the deal, the loan secures your money.

The first step would be to assemble your "power" team(if you have not done so yet).

All the usual chemical treatments tried were useless.I have no idea what they put down there but it was the consistency of bunker C oil.The basement was finished in the area under the sink & tearing the old pipes out from below would have caused way too much damage/cost.Finally I cleaned it out with a small $99 power washer I got from Home Depot to do other things.