This is a structure that dates back to 1875 or so, and has been updated who knows how many times since.

All in all, it was a learning situation that only cost me $39 to date.

.$40k remodel costsestimated county assessment (structure): $100kestimated sale price $110kI have a feeling this is a stupid question, but I just can't find anyone in a similar situation.Q: I can't deduct improvements, even after the conversion date, like I would a regular rental?

Have you done any wholesale deals to date?

There are a number of out dated homes that need updated kitchen, bath, int. and carpet and you've got a decent remodel that is marketable.

Hey all Got a voicemail from the local police, saying You need to stop right away the "help with foreclosure" messages (yellow letter'd pre-foreclosures with auction dates in the next month or two) yadda yadda..

I am buying a property,by looking at the prelim report, it has a trust showing both mother's name "A" ( pass away) and daughter "B" is selling the property short sale to me. on the #2. of the title report, it says "Title To Said Estate At The Date Hereof Is Vested In: "A"(the mother) and "B" (the daughter), as Co-Trustees ( or the successor Trustee) of the "A" 2006 Trust, dated May 24, 2006 subject to processdings pending in the bankruptcy court where a petition for relief was filed In June 12, 2013 ."

Expiration date?

He subsequently called & told them he would be collecting the rents on a prescribed date & time.

I was actually going to offer each tenant their current rent for a full year if they sign a new lease with my property management company effective the date I assume ownership.I figured that would be a good incentive to avoid anyone moving out due to worries about the change in ownership.