Since the land is the most valuable item, I would ask the seller for 30 days with $10 or $100 of consideration to market the property and get as many builders to see the property and find out what they are willing to pay for the property.

They then have to be depreciated over the proper period, which depends on the type of item.

These could be potential big ticket repair items and I would get a professionals opinion before moving forward.Good luck with your decision.

If I see bar tabs being paid off weekly or regular bar expenses I probably have someone with a drinking problem, if you see the same amount spent at a nearby C-store, like $16.22 every other day in thier neighborhood, most likely it's buying the same items, like a beer run.

By creating a vast list of items and some that are so qualitative and not quantitative how do you find the right property?

With that said, we have several properties in different states and it comes down the following items that will lead you to the right path.

That one item gives you quite a bit of wiggle room.Making $23,000 on a deal like this would be excellent.

He recommended only applying for one at this time, & using it for regular spending items such as gas/groceries, etc that I would pay for as I use it, to build up revolving credit & get credit-line increases.

So, while taking into consideration the age and condition of the damaged item at move in and the time the tenant was renting for is a factor, I personally don't think using a strict IRA depreciation schedule makes sense.

How would you order items to address, in terms of importance in a typical bathroom?