Typically, you can only do one rollover per 12-month period (again, IRS Publication 969 has the details).In the end, having the option to invest your HSA funds is usually a better bet than letting them sit in a basic savings account.

@Chris KayCosmetic Updates - If you focus on flooring, paint, fixtures, and a basic kitchen and bath refresh, $50k is doable, especially in markets like Michigan.Full Kitchen and Bathroom Rehabs: Depending on finishes, these can eat up to $20k-$30k alone.

They saw this works, and would like to join me for another project, which is a COPY and PASTE basically.

It's worth mentioning the STR regulations are relatively new, and I think some properties currently operating are basically grand-fathered with the old permit, and I don't know if being a new owner one'd be able to get a new permit if it's not in the designated location.

I am an accidental builder IE lent to builders who went busto and had to take over the projects. that was in 2013 muddled my way through the first 4 projects that I had to take over .. then felt WTF I am putting up all the money basically and taking the lions share of the risk why dont I just try to do it all..

I’ll basically be counting on my tenants to pay on time everytime.

Basically, there's no free lunch when it comes to taxes.Depreciating property lowers your tax basis.

After researching the basics, I am looking forward to understanding the realistic steps in concluding a first deal.

So I'm guessing I can get a DSCR loan; my basic googling shows that they cost around $10k to close; which seems very high for my strategy; considering I'd be holding this for 2-3 months maximum.Getting HELOC seems another way, but I don't necessarily have that much equity that I can tap into.

I'm hoping he'll have some options for me.I know a Home Equity Loan is basically a second mortgage in normal situations, but they seem to come with less red tape from what I've found.