250 ARV by comps in the area. one of my questions is do you ad the 185 loan balance to the reinstatement fees. i would assume that the bank still wants it's money. trying to calculate the cost of buying the property.

If your husband is able to frame, plumb and wire (and move ducts) in record time I'd say it's a good bet it'll improve your odds of selling your house.

What calculations should i take into account when finding a renting unit or flipping a house?

I calculated that out east I could buy a building that would be cash flowing at around 3times the rate of what I'm getting right now, possibly more.

I bet the weather there is much nicer than illinois?

Was this pure speculation... you bet.

It's just something else you might want to think about when you calculate the true costs of doing something like that.I'm not sure that the land trust idea will violate the DOS clause any less than switching title to an LLC.

BUT, the kicker is that you don't "make" the additional money in tax benefit, you just borrow it temporarily, because you will have to effectively pay it back through recaptured depreciation when you sell so the real calculation is:[b]Additional current year (CY) deductions x CY income tax rate = CY cash "savings"&CY cash "savings" x interest rate x # of years between when you claim the accelerated deduction and when you sell = real net benefit.

If I had to bet on a direction I would bet on the Yen rising in the future not falling. 8)

So how I should calculate 40-50% gross rentals for operating costs are beyond me.