But I'm curious, and the tax guys can probably give examples, if you are at 155,000 and you have hit a phase out/rule that says you cannot deduct 25,000 in depreciation, isn't your effective tax rate on that last 5,000 over 100%?

.- Electric Appliance, only water heater is gas.- Garage is attach to the house, but you have to walk out the side door and get in the house via front door.I could flip or rent, if I rent, I would get 9.5% Cash on Cash return, not including vacancies & repairs.

Let's assume that they guy in the robe just looks at some smaller investor type selling a mobile home for a quick $6K profit and financing it doesn't really feel like hitting the seller up for a $10K fine, the judge thinks that the seller just did something beyond his level of awareness, but just nullifies the note and security agreement and allows the deed to remain in place. :) He just lost his $6K profit and his costs in buying the property.

no it was a regular sale, never hit mls.This is in sunset area of Livermore...

John Sheedy hit it right on the head.

Add fire, un-licensed/un-permitted electrical work and code violations to your list of worries.If your tenant wires up the tub without using a licensed electrician, the work will probably not meet electrical code requirements.

When you walk in you get hit with a strong cigarette smell and you can see some residue on the walls from it.

He went over my credit with me and I'll be hitting a few thresholds in the next couple of months that should bump my score up.

Send mailers to Water, Gas, and electric company shut off lists 65.

I am signing a five year lease and will be responsible for the water bill. ... and the electricity or gas to run dryers?