They do not provide meaningful oversight or guidance with respect to tax code compliance.A checkbook IRA LLC is an enhancement on the above structure that is generally more time and cost efficient for investors with a more diverse portfolio. 

It seems possible to extract 40k @ a new 220k mortgage to pay off the credit cards.

@Bhanu P.It is unfortunate that you cannot get meaningful guidance from your plan provider. 

They promise they'll pay it, but they run away.I contacted the construction company to understand what was going on and I offered to pay them out of my rental income until we managed to extract the money from the intermediary.

If I could refi at 80% LTV with decent rates it would be a lot easier to extract 100% of my capital using the BRRRR. 

Yes, you may be able to negotiate the finalize price down, but chances are (especially in today's sellers market) the seller will not be willing to reduce the asking price a meaningful amount unless you make an all cash offer, an offer with minimal contingencies or bothLastly, if you do ultimately decide to go OOS for your investment, make sure you underwrite your team just as much (if not more) than you underwrite your deal.

Flipping activity will likely be challenged as ordinary income by the IRS under the theory that flipping is a real estate business rather than a passive investment.As per your question about extracting capital from your properties via mortgages or credit lines, it’s merely a question of cost, i.e., interest rate, points, and other fees, as well as terms.  

That might not technically be correct but when the transfer of property rights is only a partial transfer, it generally too difficult to try to extract what was really going on.  

It's often unexpected and quite meaningful to the tenant.We also recognize our "star" tenants - those who are consistent in paying their rent on or before the date it's due, take good care of their places, and abide by the other terms of the rental agreement.

But add up enough decades and that shrinkage gets to a meaningful level.