Of course, with these major groups, subgroups exist.

The major systems have been taken care of.

As such, we need to look to the source of the S corporation's gross receipts.The three major sources are: 1.

They also bought newer properties(often because they lived there before) and don't have a large sample pool of properties so they haven't had any major expenses in 5 years.

Major experience in your backyard, take him out for coffee.... or steak!

Looking through other threads on this subject, I see I have my work cut out for me in the Due Diligence department but it looks like a great learning experience for me.

Around here a house you buy (and there aren't many) for $50K will be a complete dump or needing major renovation and will not rent for anywhere near $900 without major renovation to fix it up.

I've owned a short sale fixer upper for 5 years and aside from major renovations I planned on when I bought, I've never had to spend that much for upkeep.The deal seems like it's worth the effort to me provided the typical house buying stars align.

My question is is anybody ever did any major remodeling while the tenant still live in the property?

Just from the video, I'd guess about $35K (assuming no roof, structural, electrical, plumbing or other major issues).ONE QUESTION FOR THE PRO'S!!!