There is a special session in place this week, working overtime in the capitol on tax reform, and they have passed 'part one' of a two-step process that would cut taxes... the second part would be voted on in a referendum later this year, and that's the part that will make the substantial difference, by super-sizing the Homestead Exemption allowance.

The "gurus" certainly won't say that because it cuts into their ability to sell expensive courses and doesn't make REI sound easy.

This cuts down considerably on the "trial and error", although the nature of the beast is that sooner or later everyone gets at least one "lesson".

If my buyer knows that I don't have the money, they can cut me out the deal.

You can cut it cold by scoring with a utility knife and snapping, or heat it with heat gun and it cuts like butter.

I tend to do my own work (although jacking up and putting a foundation under, in order to raise the ceiling is beyond me) and I'm not sure I could bring this in for $50KI'm guessing you have building codes so plan on re-wiring the whole house to bring to code.Floor uneven and warped is MOISTURE, have to find it and stop it.Don't know the size of the windows but a few hundred per is about right.Carpet a few thousand.Sheetrock repair a few hundredKitchen cabinets and appliances, minimum of about $5K for CUT RATE stuff.Counter tops, $300-$3KInsulate and sheetrock basement, a few thousand.Knock out a few walls etc in the upstairs, about $5K+, moving walls is not as simple as "moving walls".Bedroom doors, $100/each, minimumLandscape and exterior paint, a few thousand."

Then when things get cut back real hard you start working on deals.Just how will you get around to find deals while working all the hours?

Now cut that $700.00 dollars a month in 1/2 for operating expenses and you are essentially making around $32.00 dollars a month per unit.

They cut the grass, clean out the trash, sometimes quickly paint the front (front only) and then sell the property as a handyman's special.

In fact I'd say you need to rent the cheapest place you can find and cut all living expenses to the bone.Then get some education, whether it's college, trade school or what have you.