At 70+ I think he should spend his last years with peace of mind.

Can you spend more than $30,000 fixing up a house that's not falling apart?

If you make too much “profit”, (i.e. too much money left over at the end of the year) for too long, without spending it, the IRS can take away the non profit tax exempt status.I am not explaining this very well...

That means all agencys spend a large effort dealing with fundraising, grant writing, and trying to convince people with money to fund them and not someone else.Jon

When interest rates rise people spend more on interest and less on equity so prices stall, fall or maybe grow less quickly.Stick with Jon's initial comment.

“Depletion or depreciation” on a tax return are “paper” write offs... meaning you didn’t actually spend “cash money” to get these deductions.

I've been a member for a while spending most of my time"lurking", and finally decided to introduce myself.

You could spend hours here reading all the information and posts.I've been investing for the last few years and I'm looking to step up my game a bit more.Anyone else in the LA area having a hard time finding viable options for rehabs?

Our manufacturing has moved overseas and our economy is a service economy based on consumer spending.

As long as it is in decent shape, I usually leave wood paneling alone if it is in a lower rent place.As soon as you paint it, you spend the rest of your time fighting all the nicks and scraps.