I highly recommend a well-qualified REALTOR who works with investors and knows how to help you best.7.

Qualifying for REPS then hinges on two questions:1.

You can roll the 403b’s into a self directed Ira or solo 401k if you qualify.

What criteria would you be looking for in order to qualify and what are the chances of pulling this off? 

The DSCR wouldn't include renovation funds unfortunately and property has to be in livable condition to qualify for the DSCR loan .

If your spouse qualifies for the Real Estate Professional status, then it will cover both of you.

I literally do the same thing: I don't waste my time showing someone a house that they're not going to qualify for, if they even show up for the showing.

When you find out the present zoning of the property, the future land use and the local agencies comprehensive plan for how they see the area being developed (all can be done at the local planning office) you will have a much better idea of what you have just bought.If the land could in any way be developed into something more than single family residential lots, i.e. if there is any multi-family or commercial component than I would advise you to hire someone qualified to help you with the site planning of the development.

Here are some options:Demand Payment in Full for Damages: Ask your property manager to send a formal demand for the $5K in damages.

Talk to your insurance provider to see if this qualifies for a claim.