Also, rezoning from RS-3 to RM4.5 is like a .0001% chance and depending on your ward some alderman refuse to consider spot zoning no matter what

I’d like to keep the current fixed-rate mortgage in place and, if possible, have the debt transferred to the LLC as well.

This seems like a very easy property, management-wise.

You can't take any deduction on your tax return or claim any depreciation on a property owned by the IRA, just like you can't take deduction or depreciation on a property I own.

Let’s talk about it, because if you’re like me, you want to know what’s really happening in real estate and what it all means for the future.Here’s the good news.

However, if there is a formula better suited for this market I am all ears.New to the Wholesale game, if there is anyone who would like to network or simply offer some advice I am open to anything. 

I would like to start connecting with lenders, attorneys, realtors, title companies, and all other professional in the SATX commercial real estate market.  

I’m open to share my referrals to any who’d like to know.

See how he likes those apples.2.

Then it likely takes hiring a GC to manage the project.