If you live in a historical neighborhood, this information on maintaining and restoring historical windows, is good to keep on hand. 

Their forte is setting up these LLCs and charging for their services.You can probably set up the LLC more cost effectively yourself, using your own attorney if needed.  

hey guys i found this very motivated seller hes looking to sell me his two bedroom two bath family home for 15k$  He originally bought the proporty 4 years ago for 32k$ cash and has put 12k$ into the property the problem is ive just recently become serious about paying off personal debts and its effecting my credit the banks wont lend me a line of credit for 20k$ (5k$ incase of repairs)  and morgages are 25k$+. what should i do?

Once you have rehabbed it (cost effectively) and rented it out for say six months, a NEW appraisal should come in at least 40% more than you owe on it, which means that your Lender should approve a cash-out of 20-25% of it's new value ie. enough for a DEPOSIT on your next property purchase (and so on)...Others may have a clearer or more correct explanation.

My question is; How does living in the flip effect the tax end of this?

I know that will effect us negatively...but still would like to hear opinions since she has not paid mortgage since 07 and they have not been able to foreclose on her.

Interesting, but we need our view to be know directly to the SEC it they are to have any effect.

Your student loan debt is being serviced from after aftertax income, so that 6.8% needs to be adjusted for your marginal tax rate to yield what you must actually earn to service that debt (could be closer to 9-10% pre-tax).If you have forced appreciation in the house and it will appraise for 135K, you may be able to pull additional equity from the home to pay down (or pay off) your student debt ... effectively transferring your student loan (6.8%) to your mortgage (4.x%?).  

There are multiple reasons why I believe this MARKETING STRATEGY is effective.

My underwriting numbers are as follows:Purchase Price: $600,000INCOME:Gross Income: $94,032Vacancy: 5% (property has historically maintained strong occupancy).