Just do not expect to get a fair deal as family politics will matter way too much.

You're going to have a bunch of other costs to pay out, including taxes, insurance (not cheap on a building in this situation), utilities, routine maintenance (not fixup related).

He is fair, but will charge for his services.Using this forum, others like it, and my local REI group, I can decide if I should make the call.

More so because some folks in the US might not know what to do if I bunch all the digits together.

I thought i had read that new construction is different somewhere.Anyhow, now I've thought of a bunch of other questions that I think I'll start a more generalized depreciation thread for.Thanks.

In other words you would have to compare 3 houses to one triplex to be fair.

I've read a bunch here already, a lot of it made sense, some did not.

I marketed it on craigslist and have now found a buyer for $4k more than the full price offer I was asking....I'm not sure if every bank will stop the sale if they are getting what they think is fair, I am just letting you know my experience so you can try it out if you run out of options or time.The deal: 1st $24kasking $35kcontract to sell $39kbank finally took $18k (maybe they shouldn't delay)P.S.

You might make $35-50K, which is still a nice profit.You will have a bunch of costs - buying costs, holding costs, money costs, and selling costs.

What you say makes a lot of sense.There are so many nuances as to how to get into REI I think your fairly simple approach should work well and give me time to do the research as I ease into this.