You cannot disclose any "material information to either party, unless required by law".

For my subsequent flips I now had extensive contractor recommendations, had more time and felt more comfortable taking on a whole project myself.Finding deals on labor and materials comes down to two things: asking referrals from other investors and shopping around a lot!

If the house was built between late 70's to early 1990's, you should consider having the plumbing checked for polybutylene materials.

He is paid $1500 monthly for upkeep and if there is work that isn't covered he bills an hourly wage plus materials.

You can also use credit cards to purchase materials.

Is it a bad idea to pay your contractors and materials with cash?

Ive never really looked into it farther than reading material, but there came a point when I decided that its either RIGHT NOW, or never.

Pay for materials and get receipts.

The improvements she's made on the property happen to amount to about the same amount of depreciation which has been taken, so the basis is materially the same as it was when the property was placed in service.

When I rehab homes, if there is a visible defect that materially affects the home, I always note in my sellers addendum that is added to the contract.