That at least buys you time with the gradual increase to react and plan.  

Brian Theres a lot of explanation above how its risky for the CPA licensee to issue this letter to you so you'll see all these disclaimers for paragraph on top of paragraph but, ultimately at the end of the day it says almost nothing.The best way is to show:- CPA letter for 2 + years self employment if you have a more private EA (enrolled agent) or CPA who doesnt have that risk or weight on their shoulders.

The roof is sagging, and some of the weight bearing supports are very questionable.  

And then there's the emotional weight you have just lifted.If you can't do any of this stuff yourself, other ideas for funding:(a) personal loan from your credit union(b) HELOC(c) cash advance of credit cards(d) personal loan from family/friend(e) payment plan with contractorIt's not really that bad. 

On average, most consumers only move once about every 7 years or so and for the typical consumer, a good real estate agent can be worth her weight in gold as far as the negotiation skills and technical experience brought to the table.

We have three decades of our own operating data in several different markets to build projected NOI for this property,But we have not done a distressed physical rehab before.I have been given a price for the complex, and a price for the rehab, and a financing package from the bank which has taken the complex from its owner that includes funding for the rehab costs, and good LTV.The complex is operational but is over 40% vacant, and is the classic story of an owner who gradually drained their property, eventually lacking the money to do unit turns.What I would like to do is bring in an independent team to walk the property unit by unit and build out a detailed rehab budget - a team without the conflict of interest of being hired by the bank who owns the property, or being brought in by my existing management firm.Should I hire tradesmen with specific skills (electrical, drywall, plumbing, roofing, etc.) and pay them each a fee to walk the property?

You need to set up at least 6 months of reserves or more before considering full time.Going part time gives you a chance to see if real estate is what you thought it was and without losing a livability income stream that you currently have.Show you can be a success and close deals so your partner feels good about your recent contemplated full time career change.You don't want to go from being a current asset with income contributing to the relationship to now she has her PHD and she is getting stressed carrying the weight load for both of you.

I work as a technician but I've been gradually investing in Bergen County rentals the past 5 yrs.

I wonder if this ruling will change any landlords views on the subject i.e. those who have decided discriminate against certain breeds (pits specifically), or those who set weight limits on tenants pets, etc in the terms of their leases.

Hi Brennen - Any partnership in business can be a struggle - it takes work, accountability, trust, each pulling their own weight, etc. so you need to make sure that all those bases are covered before committing to any partnership.