Traditional, flipping a home in Historic Preservation Zones (HPZ), can come with great difficulty as these neighborhoods come with an extra set up rules and regulations to ensure that the “historical aspects” are well persevered.

This is a special asset class that has a ton of rules and regulations attached to it. 

With that being said use the 70% rule you can't buy and rehab total budget more than $175 All In.  

I thought trusses were designed to to be supported by the exterior walls only?   

Hi BP community,I'm hoping I might be able to get some feedback and clarity on a situation I'm providing help and moral support on.

@Joshua KohlThe short rule is: you can deduct something that would be deductible if the property was already in operation as a rental.

@Scott Schultz  @Karen Rittenhouse  Thanks Scott I was pretty sure there was that type of law or rule.. 

As a general rule of thumb syndications are structured as LLC's and offer you protection through such entity. 

However you have to be a member of one of their many 'supporters' or you can file for a new sponsor. 

From what I am reading, this may be an issue with the "same taxpayer rule."