Once the property became officially released (I was able to get details ahead of it being released) he was able to scoop up the house instantly and was happy he was going to be improving his neighborhood.

Homes are cheaper there and the neighborhoods are improving.

@Shiloh Lundahl I usually meet the appraiser at the property and explain all the improvements. 

.- You can add your cost basis and costs of any improvements that you made to the home to the $250,000 if single or $500,000 if married filing jointly.Trying to understand this a little better for my investment knowledge.

. $10K -$15KMortgage loan estimate amount is $560,000.00-at some point I will need to get an updated appraisal of the property with the update value -After Appraisal assuming the updates improve the value of the property, I would refinance to a new loan.the new loan amount would need to be at Least $700,000.00 to cover the original loan amount and to allow me to repay my line of credit.is that correct?

Would be able to deduct $11k in improvements + 4% commission.Looking at possibly buying a 3200sf, 4/3.5, 4-car garage new construction home on 1 acre on a cul-de-sac in a gated community for $795k about 8 miles south in San Tan Valley, AZ.

However, because you have a little bit of time in the military and may not have the flexibility to go to meet ups right now, I highly recommend using YouTube to help you learn in the meantime.

Instead of telling them to kick rocks, have you guys ever worked out a deal where you would improve the property at a tenants request, but in exchange amend the lease to raise the rent or have them pay a portion of the project, etc. ?

Either one of those improves your NOI.Examples using the NOI equation: Increase NOI by $1 on a 6 cap = $16 increase in value of propertyIncrease NOI by $1 on a 5 cap = $20 increase in value of propertyIncrease NOI by $1 on a 4 cap = $25 increase in value of property

BP, please consider updating and improving your tools.