If flooring and walls can be refinished to make them seen new, then no need to replace them entirely.

The entire back half of the house was sagging,  the blocks had cracked as the foundation had given way and you could actually see the wall leaning out at almost a 30 degree angle. 

The other items are all part of one item,(the walls and ceiling) therefore they would be combined and depreciated assuming your cost was above $2,500).

,you are approving them as a couple here on the total income...and you can retain the good tenant (maybe very long term as her credit issues may make it harder  for them to move)........

Hello all,We recently purchased and rented out a town-home, and discovered that after the tenant had moved in, signed lease - that although we had cleaned the place (basic carpet, windows, walls, counters etc.) we didn't know the prior owner had pets (apparently).  

People who have previously lived in mobile homes (with pipes underneath) or apartments with pipes in the exterior walls and not much insulation may have dealt with burst pipes before; they would be happy to "waste" a little water to prevent that, especially if somebody else is paying the water bill.Leaky toilet flappers can waste water when the toilet runs by itself. 

With a self directed IRA, you expand the investment choices beyond just what Wall Street sells, but it is still hand's off money until you take taxable distributions to yourself after age 59 1/2.A ROBS plan would not work.  

Property manager also recommends tearing out part of the dry wall between the kitchen and bathroom to check for mold... there were some dark mildew/mold like spots on the wall under the kitchen sink... seems like overkill, what do you guys think?

Getting Cash Buyers and owner financing Buyers is not that hard.Without private lender money and joint venture money you really can't do real estateGoogle "TRUST.ETC private lender concept"Buy the book by Patrick Rice on Amazon called "iRA Wealth"Center of influence marketing works well, I hand that book  to CPAs and financial plannersYou can use that book to create a PowerPoint presentationBe careful of SEC rules on marketing a securityOne my favorite sayings is, "don't diversify your investments and Wall Street, diversify by having some money in Wall Street and some money in Main Street, do you want something crazy issue in China or the price of oil to drop your mutual funds by 20%? 

Basic contract law.Let's drop back a punt, learn the basics of real estate before dealing in real estate and learn what is in the box, legal requirements of transactions before you begin trying to devise off the wall strategies. :)