It's initially looking like I may stand to make about $100,000 or so, during the course of the next year.

There was another similar post here recently:http://www.biggerpockets.com/forums/52/topics/2025...I stand by my opinion in that post.

The only heat source for the second floor apartment is a large free standing natural gas furnace that is 14 years old.

File the copy no earlier than the first day of the year of change and no later than the date the original is filed with the federal income tax return for the year of change (or if applicable, for the tax year in which the CFCs or 10/50 corporation’s year of change tax year ends)"Based off that, I stand by my original statement: "This means if the year of the change was 2015, you would file Form 3115 with your 2015 returns with the deadline of Oct. 15th, 2016."

If you have it in writing somewhere that you were going to rent it furnished and they agreed then you may have something to stand on.  

Hello BP,How do you choose your next investment property from a buy & hold stand point? 

I know most of us here at BP are stand up folks but sad to say, I've learned the hard way many times, to default to a defensive stance.

hi aaron. quite the dilema. personally, i have never dealt with anything of this sort of deal, but here is what i would do. first, make the offer minus the $80k. my guess is that they would take the deal. then, have that inspection done on the well and septic. you have to know where you stand right now. eventually, the city will enforce hooking up to city water and sewer but they will probably follow the path of requiring it when one or the other fails and they do not issue a permit to put in a new well or septic. in that case, you really need to know where you stand now. if you have a few years left, then start saving. take some of that cash flow and set it aside knowing whats coming up and possibly when. by that time, you should be able to refinance and make the necessary ( required) repairs. 

We got our signs from http://www.supercheapsigns.com and we got the HD stands for our signs it cost more but last longer.

They are in fact knocking down the end part of the wing (what had been a free-standing billiard room that was then connected to the main house by a summer kitchen) and re-building it from scratch.