If you're on a similar journey or have wisdom to share, let's connect and succeed together in the world of real estate investing.Looking forward to our conversations!

Keep conversation formal and in writing as much as you can.

Every lender I've had this conversation with has said they hear a lot about subto deals, but nobody they know actually DOES them.

Does anyone have any experience using oil and gas tax deductions (Intangible Drilling Costs: 100% tax deductible during the first year and tangible Drilling Costs: 100% tax deductible) to reduce tax liability against Roth conversions ?   

Conversely, a real estate advisor or financial planner will assist you in making informed decisions that align with your long-term goals.Good luck!

Then I would suggest a conversation with the current tenants to see if they could even afford the new rent you want to charge.

Starting with a conversation with a few lenders or a mortgage broker can provide you with a clear picture of what you're qualified for.

If your actual capital gain (net sales price minus your adjusted cost basis) is going to be larger than $131K, then we can have a conversation about a possible 1031. 

Conversely, the same two-bedroom, one-bath unit could fetch $1600-1700 under a traditional LTR arrangement without furnishing or utilities.Considering the added expenses, the MTR/STR model doesn't seem worth it for me, given the marginal increase in revenue.

I've crossed out all the new projects on the list as well as written 'CSLB $500 labor/materials limit' next to each project he wanted to start that's over that amount- despite our multiple conversations regarding just that.An interesting rather recent article:http://www.cslb.ca.gov/Media_Room/Press_Releases/2..."