Hey guys, I'm looking to invest some money into improving my rental property so that I can charge a higher rental rate.

One of my new properties is on Main Street and I'm mulling over a rehab, versus trying to see if the City might be interested in it, since they own some adjacent parcels.  

I have always made the rent versus sell decision based on what the profits would earn me.

(Goes to Long Term capital gains rate which I think is 15%) I think your tax now would be calculated by taking your net selling price less your payment price and adding any capital improvements (which I didn't see any of those).It should be taxed at the owners, sellers income rate. 

.  +/-1 is usually okBasement/no basementSquare footage about the same give or take Exterior building type- brick versus everything elseHigh end rehab- Not sure what this means but when I hear $35K I don't think high end.  

Technically no, because most RE law and taxation is done at State level.What (I hope) he will improve is the economic climate.

Frustrated with the system and the homeless rates of former foster youth, I developed my own program to improve those outcomes.

So, we were thinking of a doing a flip versus a buy and hold for the very reasons you mentioned above. 

If anyone is looking for the little orange book that Brandon and Josh reference a few times in podcasts its the 1-2-3 Home improvement book from Home Depot.

I boarded up the home and fenced off the lot for safety, but made no other improvements to the land.The strategy and patience paid off last month with a sale to a developer who also purchased a larger, adjoining piece of land.My cost for the property, including taxes and other holding costs was a total of just under 70K.