I think Will Barnard is absolutely correct.

I didnt find the correct place in this forum to post prospective deals (links...) so that experienced biggerpocket(ers) can give their opinion, is there such a category ?

:)Thank you for the correction!

If it was permitted and inspected, you're fine.If you're not confident about your ability to do the rehab correctly, hire a general contractor, licensed subs, and get permits for everything.

., (who is not in Calif.) and the others who were kind enough to share.Obviously, being a trade association, we consider ourselves the "white hat" guys and already believe we are doing things correctly, but we know even our practices can be greatly improved.

ok real estate is hot in NYC right now and the economics soon will not support it as it is obvious wall street is due for a correction soon. 10% ROI is also way too ambitious for nyc.

Certainly not in the same sense as basis is used when you figure your gain on a sale.Edita, if you were doing depreciation based on the assessors value rather than your purchase price, you will need to refile corrected tax returns for those years.

Maybe I'm looking at it wrong.CF, I called my banker and you are correct on the 25% down.

Am I correct on this?

But even if that counter was the same length but 3 feet deep it would still cost me the same $540 correct?