More than one-half of the personal services you perform during the year in all trades or businesses are performed in real property trades or businesses in which you materially participate.

That adjustment is something like half to a quarter of the average $/sq.ft. 

And Jody I don't know the half about the podcast.

Cash flowed as soon as I fixed it up, and increased $100K in equity in a year and a half. 3 of the 4 properties I have purchased in the Bay cash flow well, including one purchased a few months ago.

Being one half owner of a small house bought by 2 guys who probably had less than a thousand dollars in the bank. 

The owner lost the house to the bank, but he still rented this house to a tenant for another one and half years.

Half of Americans cannot even earn $46,000 in one year!

(NOTE: It was stated as previously a SFH, so would probably have to be re-converted to a duplex).I estimated monthly expenses (including 10% vacancy/capex/repairs as well as PITI) around $1500 or so.Potential income (if both rented) could be around $1800-2000, of course half of that if we lived in one unit.Okay, what are your thoughts?  

I grew up on Long Island where a 3/2 would run you a half million.

Next, go find my jogging suit and running shoes to start chasing them for the written bid.At least half the battle to just start the work is won and I am getting some exercise.