yes.i go thru about 1 airless sprayer ie graco every 2-3 years. i have bought over 12.try rent or buy used one out first to play with before commit to all bells whistles.i have airless roller, special tips, extensions, etc etc.but its deductible for me. fyi. the commercial units not residential ones at big box last longer if maintained equally.

I dont have experience with termites but suspect it could range from minor to extensive damage which could kill the deal if it becomes a money pit.

Some of the foreclosures were around 400k and the total rehab was slightly over 200k, but the work is extensive, and I'm not sure if I'm ready for THAT big of a project.

I am going to ask for an extension to the due diligence period so that I can hire a contractor to give me estimates.

I could cover the down payment with house proceeds and he can use his cash for extensive rehab costs.

Mainly because I bought two properties at once and that took up a lot of cash and then the repairs were more extensive than I anticipated.

However, be very very wary and do extensive research on the areas you plan to look at.

Consider an extension of the articles scenario,  In the scenario the taxpayer sold a $1 mil building with a $500K mortgage which creates net proceeds of $500K.If the taxpayer only uses the equity and purchases $500K or replacement property then they do indeed have a boot problem of $500K. 

While many rental activities reported on tax returns show a tax loss - the lenders should be looking at it carefully to see what expenses can be removed from a lender's perspective so you can have a lower DTI Ratio.Examples - Many lenders add back depreciationAlso - if you had a year with extensive repairs(roof, water heater, etc) - you can argue with the lender that normally repairs should be $1000 a year instead of the $5000 that we had last year.The lender may be able to addback $4,000 in this case to your income for DTI purposes.

Around the corner eh, have you thought about a long extension cord?