Well, you can't do a 1031 on a flip, so you'll need to take that out of the equation and add in whatever the taxes would be to your selling costs.I'm usually a fan of leverage, but in this case I'd probably sell.

Hello All,I am a huge fan of this site and have been listening to your podcasts for the last 9 months.

Just understand, when the stuff hits the fan, they aren't liable for what you do.

What would you do if you were in my shoes?

Is anyone going to be in Brazil for the World Cup in June? I have been waiting years to go but with a few business expenses I might have to just settle for watching it on tv :(. I want to fly to Rio and take a bus ...

I too am not a fan of the daily rate and have certainly never explored the hourly, but I have found the DR to be useful in determining the priced job total.For instance for a small job a contractor will say that the labour would cost $1500 but when you ask what his daily rate is along with the number of days it would take him, they won't match up.

Just objectively look at what kind of sh*t can hit the fan and make sure you are okay with that possibility.

wash, wash, killz, paint. there are also ozone machines/fans that eliminate smoke/smells. many contractors have them. not sure they exact name. you can rent them..

He is motivated and not looking to landlord,but also not in rush and happy to keep collecting rent until the other shoe drops.

I'm a big fan of low-capital investments.