And things like repairing a clogged toilet and mowing the lawn are clearly OpEx.Of course, that leaves a whole lot of stuff in the middle: repainting an exterior, putting in hardwoods, installing new carpet, replacing a toilet, etc.In fact, you could argue that if you remodel an entire bathroom, it's CapEx, but if you replace the toilet today, the sink next month, the tub the following month, the flooring the following month, and the lighting the following month, each expenditure is OpEx.So, you can see that determining if something is OpEx or CapEx is not an exact science.As usual, the IRS has chimed in and tried to clarify things, but they haven't done a very good job of it.

In a way, each flip is a separate business - you can stop it and go back to retirement or anything else at any time.But once I see the light at the end of the economicc tunnel, I do think that I will once again become interested in the MFD and perhaps MHP businesses.Thanks, all of you, for this very interesting discussion.

Maybe you (or anyone else) can shed some light on this, and let me know if I'm missing something?

I cut the wire and the pipe before a 90 , and start pulling .  100 feet of pipe filled with water with a 20 lb pump at the bottom isnt light .  

:D Seriously though just to be able to spend months traveling the world at a timePerhaps you can accept rent in the form of Pepperoni Hot Pockets and cases of Bud Light? 

Also ask for there handyman list they will give you the name and number. and ask about light fixtures that may have a hair size scratch what a steal you can get.2).

And I'm very conservative about having reserves so I don't take cash flow lightly.

Until you have all the elements necessary for a complete loan application, these disclosures are meaningless in light of the new TRID requirements which went into effect on October 3, 2015.  

Don't underestimate the cost of installing all of those fixtures, plus emergency lights (which you should put in common areas).  

It might also be marked "A a", both upper- and lowercase There's likely a "Caps Lock" or "A" indicator light somewhere also.