I am lucky to have a solid FT job (which is also geared towards social services) and I am a very conservative spender -- so I can allocate part of my reserves to helping families cope.Can anyone refer me to resources (books, online) or users who have experience with similar initiatives?

I think I can get it for $20,000 to $27,000 (either # appears to still make for a good ARV)I plan on putting in at least $30,000 (I have more I can allocate if I run into unforeseen problems) into the property ( both purchase and rehab will be with cash no financing)I believe that after what I envision for the property, after rehab ( possibly adding another bath) and comps, it can bring conservatively $75,000, I think more but think I will stay conservative.I personally feel that the numbers make sense to pull the trigger and generally feel RE is a good investment no matter what.  

It has been a while since BP had knock down, drag-out threads about IRR, MIRR, ROE, cash on cash, etc. and their relative importance in deciding how to allocate capital.Capital accumulation is largely missing from discussions on BP.  

There is nothing comparable to the generous liability basis allocation provisions applicable to partnerships.The tax consequences of distributing money or property from an S Corp are generally much less severe than for a C Corp.

3) Assuming enough capital to to put 20-25% down, would it be a better allocation of capital to do FHA or conventional loan (keeping in mind homes are at least around $600-800k, easily more).4) If you're looking at a rental property and can only drive by, what are some things to look for?

That way you don't create friction with them due to "unfair" allocation of payments.

You will then split the net income at the end based upon your stated allocations.

The vast majority of people never re-allocate their 401(k).

Hi Brooks,There are really 2 ways to evaluate a single family fix & flip:  70% RuleDetailed Maximum Purchase Price Analysis70% RuleThe quickest way to analyze a flip is to use the 70% Rule, which basically allocates 30% of the ARV to your Buying, Holding & Selling Costs and Profit.70% Rule Formula:   Purchase Price = (70% * ARV) - Repair CostsExample:  ARV: $200,000Repair Costs: $50,000Purchase Price = ($200,000 *.70) - $50,000 Purchase Price = $140,000 - $50,000 Purchase Price = $90,000Detailed Maximum Purchase Price AnalysisThe slower, but more accurate way to analyze flip deal is to perform a detailed Maximum Purchase Price Analysis.  

I simply was talking about the allocations required.