When times were good with the my business I bought assets, tools, equipment, property and expanded it further.

@William Hinsche The Fannie Mae Homestyle and Freddie Mac CHOICERenovation are almost identical to the FHA 203k concerning timelines and processes ... they could be considered the conventional/conforming loan versions of the FHA 203k. 

They have been staying in a motel since this last weekend.  15 guys with 15 trucks and 15 equipment trailers. 

Everybody has their thing.I'm also not cut out to be a bald, overweight, loser who's whole identity revolves around his work either.

Does it come with a house (outbuildings, farm equipment) and a vegetable garden surrounded by strawberry bushes?

HVAC equipment is registered with the manufacture so that the client gets the full warranty.

Don't let the tax tail wag the dog.Get the rehabs done quickly and get a tenant back in the other side.Depending on your AGI, any loss might get caught up as passive anyway.Your tax advisor, who knows your facts, circumstances, and goals is best equipped to explore this situation in detail with you.

Equipment coverage:  If you own, rent, lease any construction tools or equipment for the job you should look into this coverage.6.

Here are those real numbers:Purchase price: 197,900Owner appraised a few months ago @ 240,000Rental Income: 2710.007 rooms, 340 x 2, 380 x 3, 420 x 2, 3 bed main unit @ 1,100 ( I will be living in the 3 bed main unit, increasing the rent per room by $10, and leasing laundry equip to increase revenue ie profit @ $50/month).Expenses: 1950.00Nicor/Gas: 175Vacancy: 75Advertising: 20Insurance: 90Maintenance: 60Taxes: 620Water/sewer: 180Comed/elec: 400Scavenger: 30Real numbers provided by owner.

Additionally, each floor is equipped with a central vacuum for easy cleaning.The house is adorned with beautiful white oak hardwood flooring, and the metal floating stairs are custom-made, adding to the modern, luxurious aesthetic of the home.