Steve I have one of eachMy daughter got a 4 year degree from Davis and is now semi senior management at Intel knocking down some fat checks.My son is a GC and is building 3 homes for me right now.. but he cut his teeth doing small rehabs for us.. then trained himself to be one heck of a finish carpenter to now he can build them as the GC from ground up. 

I just think of that old idiom: pigs get fat, hogs get slaughtered. 

Thanks Jon, I actually fat fingered that 10% down so there's a correction I need to make. 

But that's also what makes it such a fat target for a claim of basis shifting.  

The market there is hot and finding fat deals may be tough to do.

So when the person we bought it from failed to make the rent payment shortly after we rescued them and they do most of them do anyway.. we could go in rehab and resell and make our profits. of course we are talking about 200 to 700k props. no 10 to 30k distressed mid west assets.. it was usually 20 to 50k just to bring them current. no equity sandwhich is a big FAT loser long term.

The original wires are connected to the new breaker box.The home inspector should have at least the "plug with three neon lights" tester (which tells you if you have a ground at an outlet or not) and the "fat pen with the end that lights up" tester (which tells you if a wire is live or not, without touching it). 

Your not buying a debt from "Fat Tony" Salerno. 

Enough to buy a brand new top of the line pickup truck, paid for in cash, and a fat bank account so he could return to his home town where he had family. 

Those with fat wallets have places in both locations.Then various other NYC and surrounding locations and various other SF/South Bay locations.