NetWorth Realty fees would have been 1% to list the house and 1% when the sale closes, but I decided to pay 3% if she sells the house and 0% if I end up keeping the house in case of heavy bias toward buyer’s market.

Depending on the number of vehicles, age of drivers, number of properties owned, the rates can be very affordable. 

Easy capital raise for those projects.I like vacant buildings with heavy rehab as they offer the most upside in a very competitive market but you really need to know what you're doing and have patient capital.

One mistake can be forgiven the second never will be.Your vehicles and other assets can be held in personal property trusts etc.Just remember to buy plenty of liability insurance and both personal and commercial umbrella policies.If it ever gets to court your tax returns will be subpoenaed and subject to asset disclosure.So if the business entity operates the business and does not OWN anything because land trusts own every piece of real estate it creates another barrier to asset seizure.

@Jon Klaus  Jon as we know this is all regional I am always amazed at how cost effective your builds are in Texas I have a 2.2 mil spec going in Charleston 2600 sq ftt and that's going to come out at 300 a foot. not including the lot of course.. which was 570k. in this instance no pilings but we did elevator 20k .. what does it in the historic district of Charleston is all the custom items you have to buy siding roof windows architecture 60k in hard scape landsape on a 4k sq ft lot.. that type of thing. when we are out of the BAR heavy duty areas we are building at 100 a foot or so.. 

My personal opinion, and I may get some hate on this, but a CPA shouldn't be doing bookkeeping.You can find heavy-hitter bookkeepers for $20-50/hour who are experts at their craft but don't have the CPA/EA title. 

One of the keys to the HUD 4155 is section 4155.1 4.B.2.c  where it says "FHA will not insure a mortgage if it is determined that the transaction was designed to use FHA mortgage insurance as a vehicle for obtaining investment properties, even if the property to be insured will be the only one owned using FHA mortgage insurance." 

The train goes through Gary, not so nice, and quite a bit of the lake front is heavy industry around there.

“Everybody wants to be a bodybuilder, but nobody wants to lift no heavy-*** weights.”~ Ronnie ColemanKinda like Real Estate....everyone wants to be financially independent or rich, but not everyone wants to put in the time or maintain that singular determination required to not let anything get in the way of accomplishing that goal.

A six unit building with seven parking spaces with everyone home plus your vehicle could mean a visitor may not find street parking and the only thing they may remember is "the place we had to double parked".I have done the open house style with a twist.