I stumbled upon Real Estate Investing while searching for ways to allocate my assets for retirement.

If you are allocating the full burden of a partnership return for a single property I see the CPA, otherwise it looks high.  

A second way that might work with the agreement of your accountant is to look at the repairs and allocate an amount of less than 15% of the sales price to improvements/repairs as concessions of sale on the settlement statement  Your vendors contract for the work and complete it.  

unless there is obvious and significant deferred maintenance, allocate $200/unit aside.

Do I allocate the $200 remaining to the operating account and then becomes income? 

I thought that Lender holds us accountable for any property that was previously purchased as "primary residence" and then later "rented out" as a primary residence loan which is only allocated one time.What are the rules around "vacation home"?

Thanks Account Closed, between paying off debt and trying to save for a venture into RE, it would likely be quite some time before I'd be in a position to allocate anything toward precious metals.

It is the step that protects you against fraud and other fraudulent practices, like one of my mentors will say “ensure to check all checkable “.Your Realtor and your lawyer should be able to assist greatly in this as this is why you are paying them, they should help you verify the tittles on the land, ascertain the real owners from both the land registry and the traditional registry and ensure you are not buying government land or land in dispute.(9)TAKE IMMEDIATE POSSESSION:- Always insist on taking immediatepossessionof your propertythat’s why I always advocate for people to buy from real estate companies doing immediate allocation., insist on collecting all your documents immediately so as to forestall falling prey to confidence trickstersCONCLUSSIONJust take action today, Contact a realtor and kick start Investment in landed property.

Is IRS more interested that Charles makes more sales in his real estate brokerage or the time he records of how much he spent on his real estate business to be considered a real estate professional in the eyes of the IRS.This is a no brainer if Charles has a full time job as an engineer, but what if he owns two corporations where he allocates 60% of his time in real estate activities?

I am of the latter school.85% of investment returns are a result of asset class allocations and only 15% come from actually picking investment within the asset class.