Then if you are worried about the dollar tanking, you convert it to a hard currency like gold coins at face value.Then you sit back, let everything fall apart and when it hits bottom start buying everything in sight with both hands.

At best you will still pay the federal and state corporate rates and at worst you could be hit with penalties for retaining earnings beyond the amount needed to conduct the business.

It is obviously being used as a shack of a home, the owner is 3 yrs behind taxes with several preforeclosure hits on the tax role over the years.

Just curious for anyone that has done some development work, if there are any basic numbers to follow for bringing in electric and phone?

There may be some minor electrical problems and there is a side porch that needs to be torn off, but all the systems work.

I've got a ruger red label picked out to reward myself when I hit a certain benchmark in my REI.Tim

On the east side, especially in areas that have hard hit by foreclosures, you can buy that house as a REO for maybe $60K, $75-80K all day.

Hit the streets.

He eats too much for any human, and he obviously loves his bong hits.

If that were the case, then all profits, including cap gains would be hit with self empl. taxes.