The math looks like this:$150,000 (ARV) x .70 (ARV percentage) = $105,000$105,000 – $20,000 (ERC) = $85,000 (buying price)This formula is commonly used by house-flipping investors to decide how much to pay on a fix and flip.70% Rule: Formula and ExampleThe formula itself is rather simple: Once the ARV and ERC are calculated, you then plug in the numbers.Take a house that has an ARV of $100,000 and needs $20,000 in rehab.

Turbo-tax is a software that has different versions(the more advanced versions allow for more capabilities and forms to be completed).The software, like any other, is only good as the input.Garbage in, garbage out.If your tax return is simple, someone with only W-2's and a few interest /dividend accounts, I think a software like turbo-tax is great.If your return is more complicated, I would consider working with an accountant.

Leveraging requires finding the best mortgage deals and searching for the right property with positive cash flow and appreciation potential.A simple example of leveraging is to use as little money as possible on a down payment.

I think I could make a return 1,000+ pages if I really wanted to, for whatever reason, for a simple small business owner, and 90-95%+ of the return would be useless/unnecessary.

(Really, if you feel the need for an LLC, just form one where you live and/or where your property will be and keep it simple.  

Thats simple , sell the teenagers . 

a simple drive by would have probably shown the property was in the HOOD..

Is it as simple as signing paper work to transfer it or does she have to legally sell it to my LLC and if so what would we be looking at as far as being taxed on it?

I do know that the pricing varies based on the unit count as well as what level you sign up for; but overall, it's super user-friendly for tenants, PM's & owners.Plus they're always updating their software and adding new automation features to make everything so simple as well as well as great customer support. 

I know how to get fantastically accurate estimates for simple single-family deals but was wondering if anyone had advice on where to start for running numbers for 50+ unit deals.Also, if anyone has any advice on helpful systems and technology - or for managing larger scale real estate businesses to be a valuable partner, I'd gladly listen.