If not, excess NOLs will be subject to the limitation, and not be monetized to their full potential.

We also have city, state and county fees-You won't need 10 draws, that's excessive for a 50k budget (every 5k of work)-Your plan has 2 months to close, but buyers' loan might take 45 days, so that assumes you get under contract in first 2 weeks on the market.

. - Because of the size, age and owner neglect, the utility bill is in excess of $500/month.

PS, the house is built in 1966, is in Indianapolis, and the basement and crawl spaces look good and dry, no issues at all down there.

It is zoned such that I would be able to build a duplex on the excess land in the backyard that I would like to hold as a rental.

Strong rent vs purchase prices.Cons: older homes with decades of fly-by-night contractors work piled on, very strong tenant protections (excessive), more maintenance and repair than usual cuts into cashflow; a strong seller's market right now

Basically all I am suggesting is when someone asks a question just give it to them cut and dry, or at least give them some push FORWARD in the right direction so that they may leave bp and go try it out.

Hi, Darren: We're investors in central Arkansas, and we're always looking for good dry wall contractors.

@Laura N Harbin-Waters if there is only knob and tube wiring in the attic that's an easy fix, if it it throughout the house you will be cutting some dry wall on the second floor and it will likely cost about 20k for the job.Will you be renting out all three floors?

This is the terra cotta tile usually made in Mexico and dried in the sun.