Good tip on the Habitat for Humanity stores.

That is why I was asking for ideas on where to store RE money for a 1-2 year window.

With 6 store fronts.We have just contracted a architect to create Plans.

We are used to going to the store and paying what ever the price is.

Hello All,For any of you who saw my last inquiry (post), this is the second half ...Although I am aware of the HUD Home Store and main HUD site, and I know where the HUD-registered brokers can be found, I already contacted all of those listed in the Leominster, MA area with NO REAL SUCCESS, and only a few replies.

If not and you made too much the losses get stored up on a sheet called PALS and you only take the losses when you sell/liquidate the propertyYou'll have to consult with a tax advisor who specializes in real estate but the gist of your tax liability will be:price sold for - (price you bought it for + improvments) X .15% long term cap gains + 9.3% cap gains CA = $ XXXXXX.XXIn addition to the recapture of your depreciation which if you claimed it is currently 25% so if over the years you claimed lets say 25,000 depreciation you would pay back 25,000 X .25 = $6750 in addition to the taxes above.If you had losses in the PALS bucket you could use that to lower your taxable capital gains etc

Your time is [or it should be] more valuable than the $75-$100 per month they will charge you to deal with everything.For me, I would buy a SFH REO in your area for under $40k and then rehab it with the other $10k [you can get more rehab money by using the in store credit cards at the big box stores - Lowes, Home Depot, Menards, etc].  

What do you think is in store for Q3?

Buy it at a pet supply or farm supply store. 

Usually I end up going with a big box store on flooring and appliances, and the GC gets everything else.