It sort of depends on how you are buying the house, and therefore how much you can spend on rehab.

If you are also a licensed agent you will come across as competition.I would spend some time talking to agents and contractors to see what they need from the opposite profession.

“Something” else came up and it made your budget get into disarray and it took some time to recover.

I picked up a HUD for 23K, put 6K into it, which was 2k over budget due to unforeseen things (front yard gas line leak and termite extermination) and it's currently rented at $600 per month.

… Go over budget?...

His ideas included:Immediate implementationNo Tax IncreasesBolster business and consumer spendingTax rebate checkNo Spending ProjectsAnyone have any thoughts?

At 70+ I think he should spend his last years with peace of mind.

Can you spend more than $30,000 fixing up a house that's not falling apart?

If you make too much “profit”, (i.e. too much money left over at the end of the year) for too long, without spending it, the IRS can take away the non profit tax exempt status.I am not explaining this very well...

That means all agencys spend a large effort dealing with fundraising, grant writing, and trying to convince people with money to fund them and not someone else.Jon