Eventually I reached a supervisor who said they would look into it and would call me back with updates.

I'll post an update after the inspection...

I also would caution that $1000 a year for maintenance may be low when roofs up here get 20 years of service so really you should budget $600/yr for the roof alone not to mention water heaters, furnace, A/C units, appliances, flooring, paint, updating kitchens etc.

(That 59% does not include a majority of students, as most students do not update their address to B/CS.) 

Roof might last 5 more years, it’s actually a 1 BR 1B home in the front that is livable just needs updated, and an efficiency building in the back that will need a few grand to become livable. 3.

The house needs some serious repairs ie; new furnace and hvac work, new window, kitchen cabinets, and just a complete update as it hasnt been lived in in almost 16 years.

In some however you may avoid it by proving to your property appraisor’s office that there was no change in ultimate beneficiary,Once transferred you will need also to update the name insured on your policies and update your lease and utilities contracts.Tax wise for you, if your LLC is disregarded that would not change anything for you as you will continue on the same depreciation schedule as before and you will just record the tax basis value of the property as a contribution to your LLC.

This was much better for us as opposed to lowering price - because we were cash poor and would not have the cash to make those big ticket updates ourselves, even with a lower purchase price.

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shingles The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.....There are many endorsements that are available on the homeowners policy.

You may wish to confirm that the new 401k provider will handle the ongoing compliance support such as any required 5500 filing (e.g. 5500-ez for a one-participant plan with assets in excess of $250,000), any required tax reporting (e.g. 1099-r in the event of a distribution or in-plan Roth conversion), mandatory plan updates and amendments, etc.4.