When we order the appraisal everything will come up so it will need to be listed correctly or else the 1007 will come in low.3.

Then when a property pops up that works to your analysis in that market, make the offer. 

If you did finance some of the purchase using a non-recourse loan, then you need to read up on UBTI/UDFI and there are some taxation benefits that the IRA can achieve since it now owes taxes in that scenario.

My elderly grandfather owned a two-family home in the area, but over the years, the property had fallen into neglect.

Hi @Kenneth Alan Flugrad, come and network this month at our next meetup, you might meet others that could be valuable in your flipping endeavors.https://www.biggerpockets.com/forums/521/topics/1229391-sout...

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Hi Robert, in terms of the work that could be done easily I suggest activities such as painting, flooring if you have the proper tools, and tiling.

I mean come one, there was those out there pitching LP-$ for buying Radio Shack and doing some weird come-back thing with it, and people threw $ at em for it......

This may come into play as you near the end of life and need to think about estate planning.4. 

If comps for a 3 unit property are in the 950k range, then that is what it will come in at.The revenue from the STR will have no bearing on the value of the property itself.People argue about it from time to time, but I spoke with 10 different lenders, banks, credit unions, private lenders, etc etc and they all said the same thing.