If you have a croporation as apposed to getting taxed as an indivdual there are slight differences between their tax brackets (indivdual is usually better), but the profit is not in the bracket itself but in the incentives that one can utilize under corporate law.

We would have to put in a road, and all utilities for this property and would want to make an nice entrance...since thia is an upscale neighborhood.

Those people with decent incomes, who took out extensive lines of credit, overused the credit cards, got that expensive home, car, boat, vacation home etc. and have been able to tread water to this point because they have had some savings (quickly becoming depleted) to keep out of the ditch--so far.

I would like to really utilize this site to network with like minds and learning as much as possible with those that has "Been There And Done That", :D .

At the discretion of the HUD Field Office, the cost estimate may include a contingency reserve if the existing construction is less than 30 years old, or the nature of the work is complex or extensive.

So, my goal of getting my tax info into the computer for four of my companies - well, let's just say that I called my tax lady and had her file extensions (just like every other year).My goal of rehabbing at least two units - DONE!

What I ended up doing was becoming basically self employed in the rehab business to feed me with something a little nicer than beans and to pay little luxuries like utility bills.

Of course, the $850 quoted could just as easily INCLUDE a total amount WITH the utilities figured in (even if the tenant pays them separately).

If you aren’t prepared, your best bet may be to file for an extension.

As a painting contractor I have done extensive work with fire, and water damage, animal/human feces, Kilz is the only thing that works, and that is approved by insurance companies, just remember to reseal any corners or edges that are cut or broken after sealing.