@Thomas HarpoleNet income for flipping business isSales price less Inventory(Cost of house + rehab) less business expenses.Loans and paydowns of loans are a balancesheet item and shouldn't impact the net income.

State law varies on the requirements for an installed feature to become permanent.

IF you name more than 3 there are some limitations that can impact you. 

The tax impact on a short sale did change when Bush signed into a law a bill that will result in no taxes being due on the debt forgiven.

That could be restricting air flow as well.3.The size of the run can definitely impact air flow.Even if you have the right size unit if the duct is too small it will not work properly and have resistance.

Generally, builder's risk coverage will cover things like smoke damage, vandalism, theft, impact damage, etc.

Here in NJ, unless you're buying As Is, the seller or buyer has to be able to obtain a permanent (not a temporary) CO for the property as a condition for selling or buying the property.So if you're NOT purchasing as is AND the municipality is requiring that you get rid of the illegal living unit in order to issue the CO, then the seller must do what is needed.

Find those and remove the impacted area. 

When I partner with someone, my business is essentially in their hands, and how someone acts outside of our partnership is going to be indicative of how they act within our partnership.Everyone has character flaws, but not all character flaws will impact someone's ability to be a good partner.  

There are also opportunities to set up your own second units on acreage properties -- normally by moving a used manufactured home onto a permanent foundation.