The clog yesterday needed toilet removed.My question is, do you think it makes more sense to bill the Resident directly after it was unclogged, or wait till the lease is up and itemize the clog charge as a deduction on their security deposit?

I've done multiple tear offs and you're budget (assuming a standard building on a standard 25x125) is in the $8000 to $12000 range depending upon the extent of plywood replacement and R value on the insulation you put in.

Most people will get these to minimum occupancy standards (e.g. sturdy floors, no roof leaks, working plumbing, hot water, air conditioning / heating, etc) and then rent it.  

Where I am from, most attorneys charge a flat fee that is about half of that for a standard eviction.

It's the small, locally operated banks and credit unions that have the ability to make decisions in-house, they don't have to conform to a set of standards written by someone at a corporate office. 

But that doesn't mean I follow the "standard" formulas.

You may want to consider a strategy such as Cost Segregation to help lower your taxable income and maximize current year deductions to generate a loss that will carry over.Third, You NEVER want to hold rentals in a corporation.  

Are they getting a 6% return on their loans and then deducting a managing fee from that?

I hope I am asking the correct question:If I am purchasing and improving a flip with the following scenario, how would the interest being deducted in terms of when I capitalize on the property?

Perfect scenario, just give him notice, you don't even have to waste your time and/or money to evict.Nada Just out of curiosity, is there a standard form?