To do that will likely need to have an expert brought in.  

I've passively observed his success and think real estate can be as good as, if not better than, the stock market.I have three immediate challenges. 1) Convincing my spouse, who expertly manages our finances, to give this a go; 2) finding a cash flowing property in the OVERPRICED Baltimore/Washington DC marketplace; and 3) coming up with the down payment for my/our first deal.One other challenge, and I'm sure many on here can relate, tearing myself away from all of the awesomely informative podcasts from BiggerPockets.

Most Renters like the fact that recent testing has been done and sent to a EPA certified lab.

Thank you.Incidentally, I'm actually a dual American-Israeli citizen (I was born and grew up in California), so presumably US tax law would apply to me in the same way that it applies to any other US citizen.Yes, certainly I need to speak to a tax expert who specializes in those of us that need to deal with both systems; my question here was merely meant to get some preliminary information, so that I don't waste money and time with simple questions.Next time you're in Israel, drop me a line--I'd love to have you (and your family, if they're with) over for a meal!

I did sent a certified letter!

Originally posted by @Jay Hinrichs:@Ken Min  OK I will Bite   who is going to sue this guy if the seller subordinates and bank makes a construction loan   the house get sold for a profit.but yes I absolutely agree with you.. that generally speaking folks that would ask the questions the way he did .. one would jump to the conclusion you did... not ready for prime time :) I've been an expert witness at trial where the developer got sued for the strangest things that they didn't do but because it was their project, and they didn't really know what they were doing, and it was assumed they had lots of money, the trial proceeded.

I'm certainly no expert but would love to share my knowledge over a cup of coffee.

If you do this you'll already be an expert investor compared to most who never put the time into educating themselves.

I would try working in tandem with an RE expert and contractor and have them connect at benchmarks of the process to make sure the additions are on track to yield your top dollar.

I'm not an expert but if I can help you in any way, message me:).