@Doug PerryIf it was interior only because it has not been rehabbed and you need new plumbing, electrical and windows - Minimum of $ 45,000 or InteriorExterior $ 15,000Margin of error $ 5 to 8K.

Many times it is 'operator error' or something you can fix yourself.  

If you are reluctant to do so, then you need to get serious about educating yourself on the internal revenue code's treatment of real estate.

Hi all! My current full rehab duplex project is owned by an LLC which owns nothing else or has not generated income yet.  My question is can I use the expenses incurred on the project as deductions even though there h...

@Wayne Brooks: it is an error, it should be $2800 because 3% increase each year.

The truth is, you could read 100 books and still not know enough because certain things need to be learned through trial-and-error.

Now I am apparently allowed to read the post, write a response, and it is only when I try to post the reply that I get an error message.

If you are new, error on conservatism and buy B class.   

A lot of this is trial and error.

I'm doing a house right now that is getting that same treatment, it's rough and getting around 14 steal i-beams, 2 helical piers, concrete slab jacked, and an all new waterproofing system across the front of the house along with regarding of the yard.