., where I can convert the lower level into a proper English basement.  

Its all out there, take a look at how different markets reacted.

I use ceramic it's strong (if installed properly), durable, and cheap.

Having proper grammar in your profile along with a photo is crucial if you expect the best possible results.

(sometimes longer than you might expect), for their name to appear below where you're writing, then be sure to click on it.IF it doesn't have their name highlighted in a blue background (like yours is above) it didn't work properly and you should try again.

We have an accountant helping with our taxes this first year so that we get all of the depreciation, etc. set up properly going forward.We bought the home in 1997 and since that original purchase have made a dozen or so improvements (prior to moving and making it available for rent).

Frank Gallinelli's great book "What Every Real Estate Investor Needs to Know About Cash Flow" got me thinking about how to properly account for replacement reserves in rental properties.

lol @Greg Fries that 5 percent was left for finishing the job properly.

Properly executed and recorded docs or court appointments do, and proper notices from the correct entities are necessary.

One of my concerns is that the prior owners are willing to take such a huge loss on the property considering they want it to be an investment, but the broker assured us that it's been sitting on the market for quite awhile, they're unable to properly manage it from so far away, and the real estate market in the area is slow - so they've been aggressively priced to sell.Anyways, the house just next door to the east (the yellow one) is a very comparable property detail wise, but not quite as nice and it currently is leased out for $700 per month.