A security deposit may be used only for the following purposes: (1) To reimburse the landlord for actual damages to the rental unit or any ancillary facility that are not the result of ordinary wear and tear. (2) To pay the landlord for: (A) all rent in arrearage under the rental agreement; and (B) rent due for premature termination of the rental agreement by the tenant. (3) To pay for the last payment period of a residential rental agreement if a written agreement between the landlord and the tenant stipulates that the security deposit will serve as the last payment of rent due. (4) To reimburse the landlord for utility or sewer charges paid by the landlord that are: (A) the obligation of the tenant under the rental agreement; and (B) unpaid by the tenant

it was proposed to change to 5 years but it was thrown out thankfully at the last minute.. still 2 years and still one of the single best tax treatment the average american can take..and why i am adamant especially in areas of historic appreciation that folks should do whatever it takes to get that primary residence

Well I would not advertise on craigslist personally .... if you want to maximize profit.. and you want to take it to its HBUyou can partner with a Builder..so her is the logical progression1. consult with a very good broker that sells new construction in the area and get feedback as to what would be the best bet in style size and finish's2. talk with the realtor they will know the good builders by reputation.. find a VERY reputable builder.Normally a builder if you put up the lot  and allow a construction loan by either going in partners or selling the lot on a low down payment and subordinate your note to a construction loan will do the trick.builder can give you ball park on build cost IE 100 a foot 125 foot  200 ft whatever is common in your area.with the size of home and finishes your realtors suggests and backs up with comps and you drive the comps and new construction and go through them .. this will give you Idea of what you can build.. so you will at that point figure out that new construction is selling for 200 a foot finished.. your in the deal 150 a foot and your profit is 50 a foot.. you build 3k sq ft thats 150k in profit and the all in 150 a foot includes whatever price you put on the lot. then you split profits on whatever you can negotiate with the first rate quality builders.. now these deals have significant risk.. so the reward needs to be large to do that plus you have to look at tax.. you build out its ordinary income as opposed to probably cap gain if you just sell the lot as is now which of course has the least risk

@Dan Earl if you email me, I'll share a copy of my move-out instructions and a description of the definition of "ordinary" wear-and-tear.You have a lot more going on here and would be wise to study up on how to document the condition of the home prior to occupancy, how to inspect, how to educate the tenant before moving out, inspecting after vacancy, documenting condition, cleaning/repairs, and deposit disposition.

Even if a pipe bursts at the other two, there are certain conditions that must be met.Prior to the insurance coverage I outlined that I had above, I had policies via American Modern through Allstate. 

Tel Aviv has the added demand of American and European Jews wanting a stakehold in the Jewish home land too. 

Dave's primary audience is the 70% of Americans that live paycheck to paycheck and the 63% that cannot write a check for $1,000, according to Fox Business.

Profit from fix and flips is ordinary income. 

I think the major difference is for 97% of Americans this will be the largest financial activity of their life. 

Essentially a not-for-profit pays out everything that comes in.I think you are trying to make a profit so you are not a not-for-profit eventhough you didn't make income.3) You can deduct all expenses that are ordinary, necessary and reasonable in your industry.