The problem is you don't know what you don't know until you have the property inspected to determine the current condition and life expectancy of all major components and appliances. 

If that wasn't true, it would be considered a partnership which also qualifies.There are a number of components to this new deduction; it is almost a calculus equation in which you need to figure out one part in order to figure out the rest. 

To sum it up, it’s all about the relationship, and two key components to a successful relationship is reliability a

It will depend on the current condition and life expectancy of the property's major components and appliances. 

This is an industry where creativity is a key component in all aspects of how you approach your business.

I guess it is a number thing, which leads me to one last question (I promise not to bug you too much):  How do you allocate your time efficiently; is it heavily invested in crunching numbers and finding the right piece of property to invest in, or do you spend more time on the rehab component of the project itself?  

The strategy has been very good to me, and I'm a fan.Separate your construction costs into soft, horizontal and vertical components - soft for city fees, professional services , and holding/financing costs ... horizontal for any site prep, public improvements, and underground work ... vertical for foundation and everything on top of it. 

The other is a stabilized cash flow opportunity in the suburbs.While location is a very strong component of real estate that always needs consideration, it is also one of many factors.  

My feeling on it is if you own the property, do what you want but there are complaints about the smell, there are multiple tents set up + the illegal component of making the wax too.   

While these can sink a score so can foreclosures, short sales, medical debt and a three year old bankruptcy, which in my opinion, don't represent the same risk.Credit score is also only one of three critical components for verifying an applicant's tenancy.