So, you can do a land contract for 12 months, which should allow lender to credit you full value of the land vs the purchase price, but the loan will pay off the land contract, so the lender maintains first lien position.Can't help you with the rest of your question, but you should be able to search for "CPA" here on BP to find experts to reach out to.

So, the question is, how much is enough?

Hi Chris, I see that your question received no answer.  

I don't love this question....it creates procrastination with new investors.

Weird layout houses in a questionable neighborhood (making an assumption there) don't sell for appraised value.

I have a followup question - I will realize a lot of capital gain from this home in Idaho, so I think unless I purchase a new primary residence I will have to pay that capital gains tax. 

He’s great and has always been happy to answer questions.

Hey BP family, 
I'm currently trying to help out a family in need from having to foreclose on there property by taking over subject to, 
it has a high interest rate although the entry is around 20k I want to wholesa...

Feel free to reach out if you still have questions.

I came across a question for our Rookie Reply podcast episode asking about property management software.