Louis investors to know what areas are attractive and what attributes about a property make it more/less attractive for the market.

What do you attribute the most to going in thinking ARV was as high as $500K, but only got $445K?

For treatment of an expenditure attributable to more than one taxable year, see section 461(a) and paragraph (a)(1) of § 1.461-1.§1.451-2, Constructive receipts of income(a)General ruleIncome although not actually reduced to a taxpayer's possession is constructively received by him in the taxable year during which it is credited to his account, set apart for him, or OTHERWISE MADE AVAILABLE SO THAT HE MAY DRAW UPON IT AT ANY TIME, or so that he could have drawn upon it during the taxable year if notice of intention to withdraw had been given.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

If debt-financed real estate is acquired via an IRA, any income attributable to such investment will generally be subject to unrelated debt finance income tax.5.

In addition, if you are self-employed with no full-time employees you may wish to consider opening a Solo 401k instead of a self-directed IRA as it has several advantages over an IRA LLC such as much higher contribution limits, direct checkbook control (i.e. no need to have the account at a specialty trust company), ability to take a 401k loan, exclusion from unrelated debt finance income tax with respect to investment in real estate acquired with non-recourse financing, etc.In addition, please note if you purchase debt-financed real estate with your IRA, unrelated debt finance income tax should apply to the income attributable to debt-financed real estate held by your IRA.

However, depending on the county/municipality and their online GIS platforms, you can also perform free attribute queries to generate lists as well.

As a result, there are many attributes necessary to be a successful syndicator:Be a team player: You will inevitably need to build a team in the front end and not on-the-fly as you could with, say, flipping or buy and hold. 

Milton de La Cruz at Lakeland Homes and Realty, Kristi Lawerance, Shannon Cornell at Aripco or Mindy Hunley at Tribute Realty..