I still got an inspection done though, just to know what problems I had to formally address - can't let the sell fall through at the flip.I don't think that I'd remove it for most deals though, so my example is the exception to the rule. 

There's no general rule or percentage like most people throw out.I generally advise my clients that S Corps don't start to make sense until around $50k of net taxable. 

The rule of thumb is it lowers it 15 degrees from what outside is when it is low humidity...so even if it is 100 with no hum that is still only 85 degrees...best be getting A/C.

I believe market can support ARV of 385k now if the interior is up to par with modern standards and exterior looks clean. 

Has anyone used this rule?

If this ARV is accurate and the repairs are also accurate you can approach this with the 70% rule.

They were lucky to still have the wit to remember to take their Prozac every day.And so I've come to believe that most university and postgraduate programs of study, in all their many varieties, very much tend to put people's heads in boxes and turn them into golden mediocrities to support the current order of things.Do I regret my own studies?

People want to live close to the city, but don't rule out Bergen.

Having a support group is a huge leap in the right direction.  

So I ran the numbers on the place we are renting through the Rehab 70% rule and BRRRR calculators (using my free trials) and every which way I sliced it, I would have to propose that the Owners sell it to us barely more than what I believe they bought it for in the mid-2000s.