Since you're not working, you may qualify for REPS, but you need to meet the750-hour requirement and materially participate in your properties.The $300k withdrawal will be taxed as ordinary income, so using cost segregation to create depreciation losses could help reduce your taxable income.

If you have commercial experience and are an excellent asset manager (managing the property manager, driving revenue, reducing expenses,  managing GCs)You wont just provide value to a sponsorYou will be highly sought-after after by sponsorship groups.The ones worth their salt know how incredibly valuable a strong asset manager is (and how much work it takes)So if you can bring that skillset, I have a feeling it won't take long for you to find a sponsorship team. 

It is very unlikely that the appeal will get the property to a $340k value, but even a $275k valuation would reduce what you need to bring to refinance.Question is how is the cash flow?  

One point of contact also reduces confusion and administrative burdens.Comprehensive Risk ManagementA consolidated program allows for a more cohesive approach to risk management.

Increasing your down payment can indeed make the asset cash flow positive, even if it reduces your cash-on-cash returns.

A decent down payment and good exit strategy will reduce my risk. 6.

Hi Tim,I am a realtor in the Cleveland market and anytime one of my listings doesn't sell I recommend a $5,000 price reduction every 2 weeks until the property sells.In your case, you might want to reduce it a little bit more because you want to sell before winter. 

Creative FinancingFinancing can be a challenge in tough economies, but several creative strategies can make deals work: Seller Financing: Negotiate with the seller to finance part or all of the deal, reducing the need for traditional loans.

There could also be hidden costs, additional liens, or property issues reducing auction value.

So with all that, I'm thinking to open booking now for next summer with a 7 day minimum, see how it books out, and by late winter/spring I can reduce it to a 3 day min to fill any remaining weekends, and then work on filling mid-week vacancies as summer approaches.We were leaning towards Fri-Fri, but Michael I like your suggestion about the Mon-Mon option, which could be nice because renters would have the weekend to travel and then begin their stay on a Monday, then they would end their stay on an upnote with a long weekend...But with either Fri-Fri or Mon-Mon renters would probably need to take 6 days off work...Sunday-Sunday might actually be better because renters would only need 5 days off.