@Wendy Schultz Appreciate the input, I've been doing some online research with the city of Phx so hopefully I'll get it right.

You can then develop your own plan not simply take random suggestions from strangers on line.

Repairs, are what depend on being "placed in service".So ultimately, (you assume no liability here for tax advice) best practice is to itemize receipts so that at the end of the year, it's easy to determine what was a repair and what was an improvement.Currently I have a lump sum figure, not itemized.  

Disclaimer: While I’m an attorney licensed to practice in PA, I’m not your attorney.

Hey Community!Long time since I have been on so sorry I haven't been contributing more. I have an interesting tool for converting real estate deals into analysis similar to what you would present for stocks or mutual ...

#helpme I am online looking at the assessed value of the property and it is way below what they are asking.

After asking for advice from some family that has done this type of work in the past and learning several different methods online i was ready to tackle the what seemed impossible tub remodel.I'm not going to bore you with all the little things that i learned that need to be done but i ended up going with the cement backerboard method.

Along with gathering information online, I've also been watching a ton of videos on youtube and that is how I stumbled across BiggerPockets.

At this point, I am looking at property online and talking to potential agents via email.  

CMHC insures on the commercial side, a lot of times if you read their policies it sounds appealing but in practice doesn’t actually result that way.CMHC May offer 80% LTV on a residential building, but then when they qualify it, they value the building at a way lower price point than purchase and only lend 80% on that price point vs.