The K&T was a little hidden (all outlets grounded, updated circuit breaker box & attic had some new wiring) and only after the purchase did we realize it is sliced throughout.

This is one way to acquire properties, just realize that you will ruffle a lot of feathers with this approach.

I realize that I may be too eager.

I guess he did his homework and realized it was too much to sue me..Then finally agreed to take some compensation and signed an addendum to get out of a contract.Thanks,Sinh

Giving her the option of realizing she cannot afford this place allows for her to retain dignity. 

Hello Mike and thank you, at first my plan was to stay in Prescott so I would be able to live in the the property and avoid long commutes to my work but later I found out I was limiting myself, and realized I don’t really have to love in the property to start my business.

This is the dilemma I have been tossing around in my head.But in reading the Millionaire Real Estate Agent by Gary Keller I am realizing that what really matters is you and how you represent yourself to a potential customer.

If you have a $800k gain you are going to be paying a few thousand dollars in taxes for realizing the gain, plus paying back depreciation. 

After reading the Ultimate Beginner's guide, I'm realizing how unprepared I am, so I'll be working on the business plan first.

Amount at risk would be $300K and the max profit on the trade is around $75K or 25% which would be realized by this Friday. (5 days total).