The partnership will have no bearing on your taxes, in other words it will allow your income to pass thru to you as passive income.In the flip side, your flip income is considered active income and therefore subject to self employment tax. 

Some numbers to bear in mind when you lay out the closet is that closets should have an inside depth of 24 inches and then the wall with dry wall would be 5 inches and then trim and base boards could add another inch so your total space needed for the depth would be 30 inches.

The only negative aspect of the entire building is with these sagging lintels on a load bearing wall at the rear of the building.  

And if so how much will it be?  Are

You know all this, but it bears repeating in this thread.Send me a message if you ever want to talk.

I have a pretty good idea for textures and colors (he absolutely does not), so in the renovations we've done the only time we used an architect was to determine the size of a beam we needed because we took out a load bearing wall and needed to carry the load of the entire back of the house with the beam.

The bottom end of the market continued to bear the brunt of the housing shortage as the availability of homes priced under $200,000 declined by 28.7 percent on an annual basis, and those priced between $200,000 and $299,999 dropped 13.1 percent.

I have probably a dumb question, so bear with me!

At 820, you will receive the best rates available and the financing of closing costs should have no bearing.  

Try contacting John ErwinOffice of Christopher Thompson41656 Big Bear Blvd Ste 1 P.O.