Hi @Kedian West - I just completed my coursework with Real Estate Express and will be taking the Georgia test in a few weeks.

If yours average longer than 7 days, then you have to rely on REPS to deduct the losses.As far as hours, please keep in mind that most of the answers are interpretations, since the law and the court cases give us some guidance but not really a black-and-white test. 

took 1.5 months to close back and forth negotiations, soil testing, surveys, etc. it sold Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

then sit for your brokers test ( ore here in Oregon we are all brokers) so the next level is Principal Broker.. 

The appraiser is not expected to test components (this, however, would be part of an FHA appraisal inspection).

I just put 10% for a property manager to test it and it would cut the cash flow down to $150/month.Again, thanks for the input!

What is a good/ tested strategy for carpet replacement?

Cheap rents mean this duplex easily fails the 1% test even before analysis.View report*This link comes directly from our calculators, based on information input by the member who posted.

We are currently using local banks, but just wanted to test the waters on a different option.

Topic No. 409 covers general capital gain and loss information.Qualifying for the ExclusionIn general, to qualify for the Section 121 exclusion, you must meet both the ownership test and the use test.