Everyting I have ever seen involves location and market. below are a few good links for costs vs recoup value of the major components that are typically replaced/remodelled.http://www.realtor.org/rmomag.NSF/files/Cost_vs_Value06.pdf/$FILE/Cost_vs_Value06.pdfhttp://money.cnn.com/2005/12/27/real_estate/buying_selling/remodeling_returns/index.htm

Really really good beginning of day files!

A couple of my favorites (I think some of these could have been candidates for the Guru Scam Words thread):"Everybody charges for this, it's standard in this area....""

Also, I handle other broker's files and do process them a bit, and get paid a decent monthly salary on top of my comission base.

Consult with your tax advisor, but as I see it there are several important impacts for RE investors:- The CAT tax applies to all entities, regardless of how they file taxes with the IRS.

I'm saying to do this first because you don't want them to rush and send the file to foreclosure.

This prospective tenant has filed this complaint and I'm absolutely blindsided.

And, to clarify, you don't need an attorney to file the paperwork--that's easy--you should seek an attorney's advice BEFORE filing any paperwork to help you select the right entity structure(s) to accomplish your goal.

Once you are a licensed realtor, courts hold you to a higher standard, meaning that they don't want you taking advantage of non-informed (aka non-licensed) people.

SHORT TERM CAP GAINS (holding period of less than 12 months) is taxed the same as ordinary income.I'm not sure what the CA LT rate is, you'd have to look at your instructions for your form 540.If the house has been your PRIMARY RESIDENCE for 24 of the last 60 months there is no tax on up to $250K gain, if filing single, $500K gain for married filing jointly.