Purchase price: $287,000 Cash invested: $100,000 Our newly remodeled 4BR / 2BA mountain villa features all new furniture, 3 King beds and 1 Queen Bed, and plenty of parking for at least 4 vehicles.

This could also be a vehicle for other investors to take a share of equity.* One party owns the entire property and the other has a long leasehold.

I have 3 vehicles that are all over 10 years old.

If I was involved, I would want to give you fair market value for the land, and only give up a small percentage after that, because the builder will be doing the heavy lifting on this project. 

Two things, one you give up ALL control in these types of vehicles. 

If it's solid wood, it can be sanded numerous times.....a recent rehab where the floor was thrashed got 3 heavy re-sands, ended up being one of the most beautiful floors anyone had ever seen.Also, I would look at jacking up the center floor a bit while you're at it.

I don't know Florida, but it seems like if it's been fine, and magically it's an issue now-- I'm thinking the tenants maybe dropped something heavy or it was a poor install ation job, and are blaming the house so you don't make them pay for it.    

Now there may become issues now with paying expenses for the investment because now that you own 10% of the property in your personal name, you would be responsible personally for 10% of the expenses of that investment.From my understanding, the need for depreciation is not needed because the IRA is in a tax-sheltered vehicle already, meaning you wouldn't be taxed on the property for selling.

Here's my 5 step plan:1) Review & realign goals - Our RE portfolio is the vehicle for getting us there.

Multiple, billion dollar companies are investing heavy in our area, such as Intel, Google, and Amazon.