Wow – that’s not good from a tax perspectiveThe income – and deposit – would all be taxed in the year of receiptThere’s no tax break, no averaging, no postponing, it’s all just regular income"

If there is any way to frame out the door to make it a regular height now is the time to do it, you won't regret it and I know it's a duplex so you'd have to probably match the entries.. but this size door is awful to order,, and a storm / screen door is just as costly.Stay informed with the local police safe officer and find out if other type incidents are happening in your area, the lighting, extra locks, new door are super but if someone wants in they will get in.With all the shiny new stuff empty boxes,, in trash of new TV's etc are calling card for burglars.. cut boxes down. 

This works to your advantage over a regular property manager who can just take the listing, post in mls and sit on it.Old Town is a great area for considering as it provides many "walk to" options. 

Still no contact from missing tenants. 7 days pass as I am in and out as my regular job permits to mitigate the damage done.

So a regular labor which we pay at 18/hour will be ~30-32/hour or $240-250ish out the door, that's just pure payroll, we still have to account for their paid leaves, medical/dental, etc which accounts for say 15-25%.

Then after finishing the list on excel send 3-5 other offers using regular retail price homes in your area that have been on market between 120-180 days - (yes even if they don’t need work) and minus $110,000 from the listing.  

Like, you're an up and coming real estate investor that can down the line (2-5-10 years) do deal so on a regular basis with them.And if you're at a nascent stage of your journey you can say that too and you'll always remember the people who helped you out in the beginning and do right by them, etc etc etc.

Was it a foreclosure, distressed or regular sale? 

Do you have regular office meetings?

They said that they regularly under right loans where the seller is holding a 10% note.