Trying to cut corners and skimp on not hiring a good CPA may cost you more than it saves you.

It sounds like the owner could have cut corners on the removal cost and left the foundation in place.

These rehabs had granite countertops, hardwood floors, cermaic tiles in bathroom and all but one took a very long time to sell(this was a cape cod in july not really a good comp)This one is around the corner from you and its been on the market since march I think rehabbed. 4110 72nd ave.

I have a triplex around the corner from Martha Hart Park which is not far from you.

B ClassSFH 3/11800 square feet (addition done on the back)Large Corner LotNo garageBuilt 1959Located in Center Point 35215 area codeIrwin SchoolsPrice $70,000Rent $850New roof, hard wood floors, new HVAC.

Buying first rental property Have offer on the table of $49.5K for a duplex that has renters who pay $550 per unit ($1100/month)-was originally listed at $69K but talked it down-On the corner of the block with a bus station right out front and a restaurant right next door-built in 1900-will need work very soon probably Or should I wait for:A newly renovated SFH in an up and coming part of town for the same price that rents for $700/month.As an experienced investor, what would you do and what are immolate things I should consider?

Maybe all it takes is a sign or a street corner.  

More details: 40,000 sf parcel, 1300 sf single family home on one corner of the property, mixed area of single, duplex and townhouse units.

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The dog was smart to sty away, critters will run from humans, usually, but may fight other animals when cornered and any dog can be bitten, so you just avoided a vet bill and a period of observation.