How do I determine if the value of the house will appreciate enough to make the rehab worthwhile?

As I talked about in Bigger Pockets Podcast #82, I've been doing !031 exchanges for some time now.  They are not getting any easier either.The 45 day identification period is hard and fast, miss that date and you have...

You must use the IRS Interest Tracing Rules.If it was borrowed to fund the first project then it is allocated entirely to that specific one.If it was a general line of credit, it will be treated accordingly in the year paid.

Consult an attorney and a CPA to determine what is best for your specific needs.  

The realtor will provide you w/ data to help determine where to buy property.  

I am having some difficulty determining what should be used as a CapEx value.

*assuming one is not considered a "dealer" in the eyes of the IRS.

I would like to network with both new and experienced people to determine if we can be mutually beneficial!

Call 413-636-3273 to let me know your individual buying parameters and to determine mutual benefit.

If your aunt and uncle have rentals, they should be a good resource for you to use on determining what makes sense for expenses in the area.