That was helpful but I believe I need to report the remodeling costs now not when I sell as advised by Matt.We have a continuing discussion about this and I believe the rules for 2014 changed as well, so you really need to seek proper advice.However, the discussion we've had goes along the lines of whether we made a repair or replaced something, as to whether we can take the deduction.

Do it on a warm day so the cement can seal up properly and you can enjoy the sun. 

I have gotten e mails from a few that got wiped out.. they properties were never build as the demand went down and the promotors are long gone and they are sitting in AU wondering what to do.. which I politely tell them there is nothing you can do.. you were thinking big score with no thought to down side.Also on one of your Posts to Brandon you talked about Notaries US folks by and large have no clue what a notary is in another country..

Each year, after I purchase a property, I have to re-look up how to treat the various items from the HUD-1 (closing statement) when preparing my Schedule E.

Let me start with some facts before having questions for you guys.I am thinking to have a mortgage for my first 1-bedroom apartment properly about $180k in Center City Philadelphia.

Anyway, I run my business as legally as possible and I would get the proper permits and rental licenses and everything you need and be up to code.  

On e you start working you could do a cash out refinance and then pull out money to purchase more. 

You'll need to learn how to put together a proper cashflow statement etc., but you'll find lots of that kind of education here. 

Many people would probably not agree with this, but the first book (e-book actually) I read was Preston Ely's free book on his website.

Most of the E-TU-C zoning in SW Denver has single family homes selling for $180-$220k.Vacant lots are almost nonexistent, although I'm trying to sell one at 2209 S Fox for $139k.