What's left is your average cash flow for the property.No..all of this said, there are many people on BP with a great deal more experience than I have on explaining this - and I know they will have no problems gently pointing out my errors ;).

I know this is probably a stretch, but based on the plain language of the statutes, I think there may be something here.Scenario: I use my self directed IRA to buy a rental property - I know I can't manage it personally for any compensation (only to maintain the value of the house).But, here is a different twist - all of the language in 26 USC 4975 about prohibited transactions refers to a "disqualified person."

Kinked, twisted, and flaccid air ducts.

But there is a twist....I am buying two properties from this seller.

We have a company here that is doing something like this with a twist, they advertise as “home building consultants” that help clients “every step of the way” to building their dream home.

it's my first time looking at this, so be gentle. lol4 units - two-2 bed, one - 1 bed, one 2 bed that will be converted to 3 ($500 cost)$2,825 current rent - 750+775+450+850 (she is behind and will be evicted);274k - asking price. the realtor said i can get it for $230k.~$3k - cover garbage,water, lawn maintenance 5k - taxes$4500 - insuranceinterior work - 6k max (not much)exterior work - minimalroof - almost new - 5/6 yrs oldplumbing - good - 100 gal tank is 5 yrs oldelectrical - goodtenants pay gas and electricso, calculations assuming that purchase price is 220k:yearly rent = 25,380 (12*2825)annual expenses = 19k (tax, maintenance, insurance, snow, water, property management, etc)loan payment (30% down) = $9,240 ($770/month)without any cap rate calculations, there's no money left over (25-19-9.2). in fact, i'd be losing money.the worst thing is that across the street there is a "2 bed for rent" sign and when i called he said "do you have kids?

Some of the paid speakers on the circuit are interesting to hear (their niches and strategies) but then the last 30 min are the windup-to-the-pitch but rest assured they're arms have been twisted to get you a great deal they don't offer anywhere else (at least on that day) ;>)

I would also gently suggest you start building your battle plan library.

I have 2 properties on my desk both that come with stories and twists.

Your insurance can also let you twist if they find "Willful negligence on your part" that would nullify the coverage.So why not have BOTH?