My places of focus are PG county, Arundle county, and possibly DC if the deals right.The criteria I'm looking for is going to typically be single family homes with 3 beds, 2 baths and a minimum of 20%  equity in them with the goal of fix and flip, buy n hold, and wholesaling if needed. 

HIGHLY recommend. https://www.facebook.com/pg/paintingbyjen/about/

Hello All, I am a Real Estate Investor (wholesaler) located in PG county Maryland. 

I am not by any means saying that you cannot be successful in southern MD but just curious why you are skipping northern VA, PG, DC, etc. 

While the seasonality has never been as great in PG as most of the rest of SWFL, it could still work to your benefit in helping you maximize resale by renting the houses and then next year when the snowbirds fly into town look at your portfolio and decide which ones to move if any.Unfortunately, paying down debt on property you own is not an option with the 1031 exchange.  

(easier for them to track you down and drag you to court for your PG if you default.) 

you want the LLC's to receive credit for repayment and you don't want the loans on your personal credit - rather you want them on the LLC credit for reporting purposes.be careful too with the PG.

I thought it was going to be much worse.I know when my kids were in Collage I had to PG their rental agreements.. so I always thought the student rentals to be pretty solid with the parents PG the rent .. 

I may write a blog post about how to survive the results of a 52 pg inspection report with a first-time, unrepresented buyer on a house that needs a roof next year, a water heater and has lead paint on backside of the facia. 

With respect to my own reading:Q1: It seems very clear that "outstanding debt / basis = UBTI" is the proper formula.Q2: I agree with you.Q3: Pub 598 seems fairly clear that depreciation is allowed in proportion to the debt-financed portion (see pg. 18).