I think it is a wonderful idea, as the properties are being improved it not only helps the town look good, everyone's values should creep up and therefore the cities and counties will ultimately receive more in property taxes.

If it's an investment property & you want to make it really interesting....separate the land & home @ the time of purchase.Own the land in another entity (or by your kids)now you lease it back....you get the depreciation of the 'improvement' (home) & you get to take the land lease deduction, esp worth it if the land is a significant $ value as per the assessor.Around here we found land values can be high because of the larger tracts of land.

Hi James Vermillion, none whatsoever.Im looking for single family residential properties. other than the area i want to focus in, i know practically close to zero.i feel i m starting out in the right place after reading the posts all over BP forums.

I would fix or improve something and ask for her imput in order to show her the value of you as a landlord.

It's not until legislative restrictions and practical limits come into play that we realize some things are just plain next to impossible to do.

It was not practical to have more LLC's due to paperwork, accounting, etc...

You did "bird dog" it for him, so try to get two things out of this: "bird dog" referral reward, and to learn the biz by having permission to observe the rehab.Or you could be spiteful instead.I would never subscribe to being anyones doormat, while I wouldnt spend much time burning and stewing, I would definitely make sure anyone I know and they know in the business are aware of this clown and his practice.

How can we structure an open ended escrow that places the funds with a third party and allows me to do the improvements and address the deferred maintenance?

Since I couldn't move in before it was repaired, it sat unoccupied while I made repairs as well as all of the improvements I had planned on making.

The credit is $2,000 for a dwelling unit that is certified to have an annual level of heating and cooling energy consumption at least 50% below the annual level of heating and cooling energy consumption of a comparable dwelling unit and has building envelope component improvements that account for at least 1/5 of the 50% reduction in energy consumption.