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%?

Is driving for dollars really effective or is there a better way to find motivated sellers in select areas?

Usually not, unless your contract has wording to that effect.

The margins are often a lot better too on these than on a "clean deal".That said, my biggest wholesale flip profit (6 figures) came from a filed probate case.

The order will remain in effect and enforceable until such time as any provisions of the order is modified, terminated, suspended or set aside by DFI.

We offered a fall clean up with reasonable rates and have mentioned to some of them that along the way there are some small repairs that might be a good idea.

The codes concerning water connected to 220V that people climb into are pretty specific.If the tub burns up and/or the house burns down, their insurance and your insurance may not cover the damage if the tub was not properly wired.If you agree, in writing, to allow the tenant to repair or modify the tub and/or the wiring you are effectively putting your own head in the proverbial noose.I work on a lot of tubs at long-term and short-term vacation rentals.

Also, the unit is carpeted so I would imagine the carpets are saturated with it.If I buy the place and rip out all the carpeting, clean the walls and ceiling and completely re-paint, will this eliminate all traces of the smoke?