Originally posted by @Derek Persuit: RUBS is the allocation of a master utility bill (water/sewer, electric, gas, etc.)t o your tenants.

Hi Eddie T.

Note, I'm not saying you will become an expert if you do the above, and it's not meant to be an exhaustive list.

I spend a LOT of time driving around listening to Brandon T here at BP doing the BP podcast, along with a few others. 

Brain fart....meant their basis, with all the gift limitations, forms, etc..  

I meant to post the saying in my first post, but forgot.

You purchased 3 to 4 years ago and have experienced $145K to $150K appreciation (I suspect with either a 80% or 75% LTV) and you are cash flowing $300/month (which I am surprised it is only $300/month as rents have risen on average more than $100 per month annually).Lets go with the lower LTV (75% LTV) and go with $112K plus closing costs (note higher LTV would have meant less invested). 

b. if you want to bring in the 5-yr rule for the personal property, then we also need to add "residential"c. and even under that rule, I doubt that construction equipment would be included, however I'm not sure without double-checking, and you may be correctNow see, Kumar, what I meant when I said it's so complex that even the experts are not always in agreement on details?

I assume you meant to say stronger landlord protections.

They never have a DIY dude like me in a filthy T-shirt talking about fixing a water heater that failed because the idiot who installed it didn't know what a dielectric union was.