Purchase price: $55,000 Cash invested: $120,000 Sale price: $245,000 151 Mechanic Street was the second investment property we bought.

I know this sounds like a good idea when you look at the numbers and fail to consider the actual mechanics of how this could hurt you.

Just like an average mechanic is not qualified to tell Toyota execs how to run there company.

We met with the inspectors (main, electrical, plumbing and mechanical) last week and got some input on what they wanted done.

My attorney is out of town for the holiday, so I will see what you guys think.I have never had to deal with a Mechanic's Lien before.Had a painter who I hired to work on a flip house.

I'm a recent graduate from The University at Buffalo with a degree in mechanical engineering.

They have some sort of mechanism like depreciation called IDC which can mean writing off 85-100% of your investment in the first year.

Nfip ONLY covers electric panel, water heater, heater/AC, fuel tanks (if used for heat), basically only mechanicals used to service the upstairs and that's it.

If you don't change the filter out frequently enough, you will notice that not enough air is getting through the ducts and out the system to heat or cool your house effectively (bills go up).If you run the furnace without the filter, dust and particles build up on the blower motor fan mechanism, making it heavier.

A multi page report on all aspects of the house should be included and cover everything from roof to basement, siding to mechanicals, flooring to fixtures.