Offer them some $ to clean the house and allow the showings.

If it appears lazy or is more yellow in color, clean orifice where gas comes out.

I am too far away to effectively handle the rehab and a good contractor with knowledge of how to handle this kind of loss could make a profit on the situation whereas I will be lucky to break even.

Between that and my conversation with an attorney and CPA yesterday, it seems like the regular 501(C)3, with a traditional fundraising model, would be more effective initially.

This will allow you to side-step your competition and be much more effective at finding some high equity deals.Depending on what kind of budget and time you have available to work with, direct mail, advertising and networking can all be huge avenues that will bring you some profitable deals pretty quickly.

Our cleaning service comes every Tuesday, so I make sure the house is picked up so they can do a deep cleaning.

From what I understand, todays products provide a chemical bond so prep is limited to a thorough cleaning.

Once all areas where mold is typically found are demo'd and cleaned up, I would demo the remaining flooring and open all the walls.

Learning to operate under significant pressure, crunching numbers, how to effectively manage time and dealing with very angry people.

But I'm curious, and the tax guys can probably give examples, if you are at 155,000 and you have hit a phase out/rule that says you cannot deduct 25,000 in depreciation, isn't your effective tax rate on that last 5,000 over 100%?