If you buy a functional but dated home and replace the 40 year old heating system with a new heating system you have improved the house, but you may have spent $10k to improve the value $8-10k.

Another one to lookup on Facebook is the Active CHS REI Meeting group. you will see alot of the same people there as you will see in the tri-county group and the REI Central group which is even better because you start to grow a bond with the fellow investors as you see them at different meetups and functions.

Not an ad… we just really like the functionality and price. 

We are renting the property now and I know we have to meet the 1031 guidelines to do the exchange.The motivation for the sale is he needs care right now and I would like to have a larger more functional house available for him to be cared for.Maybe there is another method to minimize capital gains taxes that make it easier to sell and keep the property 19 tax base ?

My question is does the boiler need to be replaced because it is on it's last leg or does it no longer function. 

I am a designer in the greater Philadelphia area, and would love to partner up with anyone interested in improving their functionality and aesthetic with their properties.   

I think there's a reasonable argument to be made that certain RE is a better hedge than gold, silver or other hedge assets because it can serve a legitimate useful function (providing housing) and is not easily stolen.

A conventional appraisal is much less demanding and is normally focused on the major systems being functional. 

Just understanding this now..I was under the impression every dollar that was put into the property was able to be used as a deductible write off until My accountant advised me that is not the case.only major repairs that would prevent the unit from properly functioning are.

Fabcab in Seattle has some nice pre-made ones.Please have it be pretty as well as functional 600 feet is a bedroom, bath and kitchen - lots of light and open to a patio will make it feel large