NFIP (National Flood Insurance Program) administered through FEMA is the government option and has had a monopoly for 50 years and due to this has driven up the cost. 10 years ago the president and both houses signed into law that the market is now open to private flood insurance companies (usually backed by Lloyds).

I suspect the condo board president did not pay a renovation fee in 2015 when he did his renovation, so I requested the financial records for that year.

Eight of those members, each from a corresponding city council district, would be elected, while the mayor would select the ninth.State law restricts rent control only to apartments, homes and other housing units built before Feb. 1, 1995.

@michael, You can elect to combine them for tax purpose since it will be a nightmare for this year to separate them.

We knew the owner was out of state (it was an estate sale) & the place was full of junk & the old machine shop was full of old equipment.We offered cash, close in 30, no inspection & we would take it 'as is'.Several others were also cash & higher but wanted inspections & the place cleaned up.It's NNN & still returns us 28% p.a.But we do have experience regarding structural, elect, plumbing etc etc.We had the opportunity to bid on another property that was part of the estate.

Except as provided ….. and in§ 1.263(a)-1(f) (providing a de minimis safe harbor election), a taxpayer must capitalize amounts paid to acquire or produce a unit of real or personal property”See that highlighted exception, you can take de minimis safe harbor election.Work performed prior to placing the property in service.

Should I elect something other than the default disregarded entity? 

I have my own idea of what I think the the value of the property would be post improvements, but would like to consult with a local realtor for a second opinion.I've elected not to sign any type of agreement with a local realtor, though I have put a backup offer on another home recently with the listing agent.  

The cost of the furnace is over the $2500 De Minimus safe harbor amount I could claim, so I believe it will need to be depreciated.Speaking of De Minimus safe harbor, don't we have to make an election as to which safe harbor we're claiming for the year? 

There were probably 100 there and the guest speaker was a candidate for Governor in the upcoming election.