With that being said if you’re bound and determined to get a degree, get a degree that you make good money with…  One guy on the forum is an attorney that appears to have a mountain of confidence,  he’s an attorney, and it appears that he’s actually tearing up real estate..

Both the CPA and the QI will be helpful in determining your options. 

There are 7 tests to determine if you materially participate (only need to meet one) the most commonly used tests are:1.

Determine at what percentage of completion you'll pay for work done. i.e.

Depending on those estimates, the buyer can determine if it worth pursuing (I suspect it will be worth pursuing).Good luck

Inherently the steps are the same as if you were purchasing with financing save potentially less closing costs and ability to close sooner (if needed).The terms of your offer (ie -contingencies, closing cost splits etc) will determine what is different. 

This will give you clarity on the numbers and help you determine how to structure an offer that works for both sides.

I'd be interested to hear how about this maximum appraisal potential is determined. 

Key items to rehab on the second home to bring the property value up for the refi, determining which lenders/servicing companies will be favorable, Identifying good properties to invest in altogether.

That's why we require clients to spend a couple days with us in Milwaukee up front, so we can get on the same page and determine an asset quality.Hint: the hood looks much better on a spreadsheet than up close in person.