We've been making capital improvements, and working to reduce vacancies.

In fact, even if you are already in business, chances are you don’t have an extensive cash allocation earmarked for promotion, or you’ve tried many different advertising approaches and vehicles and haven’t hit on a really successful campaign yet.

If you plan to buy replacement property A we put the address of that property as being acquired and the wording "plus improvements" in the letter.The fair market values of the replacement property and the relinquished property must balance and the debt should be equal (according to my CPA).

Realtors can help by selling the house and chances are they've sold a lot more than you.

I went to the home improvement commission and they said it would take two years to even try to resolve anything.

Only the net gain after all costs, both buying and selling, and any improvements is taxable.

If you plan on holding the property for 5 years, and renting it, then yo should be fine, but it sounds like you are after a quick-flip, and that would be extremely difficult.If you buy, and then re-sell within 90 days, then almost no appraiser in CA is going to appraise the property for anything above the previous sale price, unless you can provide proof of funds that went toward repairs or improvements.

Hi, I did get a chance to read the book It had all the information.

Your only chance would be if the LLC were already set-up at the time of purchase and you were a principal.

Minn, Not sure how they can force the issue, but you are taking a chance of them placing a value on your house based on the appearance of the outside and square ft only.