Don't skimp on the mechanical inspections!

Unless you're buying in A class, white collar neighborhoods, I wouldn't put too much emphasis on proximity to jobs.

That value would then be the taxable amount of the distribution.Speak with your CPA about the significant tax implications of such a move.Speak with your IRA custodian about the mechanics of documenting the transaction.

Do you get mad at the auto mechanic because he is making a profit when he fixes your brakes?

Typically from what I have seen and heard, older homes in Joliet are usually in need of mechanical repairs especially electrical.

Inspections were passed for Footers / Slabs, Rough Elec, Rough Mechanical, Lintel and Frame in 1998 but Final Elec, Final Mechanical etc have not been.In case it's of interest, the house is complete up to rough electrical and plumbing and drywall is up but not tapped / mud etc.My concerns are that I'll need to invest way more than I've budgeted for professional services (Architect... maybe attorneys etc ) in order to get re-permitted since it's been 18 years since the process was started.I've already paid a visit to the City building department and am awaiting a call back... just wanted to know if any of you had any words of wisdom.Thanks!

@Mike Reynolds I'm a chemical engineer working in mechanical manufacturing.

If the doorknobs where loose and needed some tightening, or they needed a small piece of the mechanics fixed than I would say that is normal wear and tear.

If you'd like to help them, recommend a good mechanic.

No major mechanical or electrical.$30 would be same, but would typically include bathrooms, maybe a roof and maybe electrical or plumbing/mechanical.