I can discuss with you in more detail to get you ready for investing in the future.

The Reno also I'm covering every area to ensure all that I see as expense in future is in age of 2010 as to A/C, HWT and all other will be new.

How do we create a value of future potential of a property?

When we go antique shopping we avoid any "cool" area where everything is marked up and find house clearance specialists in random areas who tend to misprice their stock.

I wrote this partly in jest, but seriously its amazing to see the Chinese coming in and buying up our property with our depreciated dollars.Wasn't sure if anyone had any experiences with the Chinese when it came to real estate investing, I find it kinda fascinating and to see if anyone will see this as a variable to be planned for in the future.

Meanwhile the guy I am flipping it to (CFD) is a roofer & he will pitch it to avoid future issues.

No matter what the gurus say, it helps to actually have some basic real estate education before you start putting contracts together, and tying other people's futures to your deals.

& let the future buyer assess any bsmt potential.

I know very little as of now, but I'm really excited to get started.I look forward to chatting with you guys in the near future!

Not your concern as far as the legal stuff, although I'd want to know what the issue is in case it could have some liability for you in the future (drugs, illegal home business).