One thing to remember is that while BP is amazing, it is a business owned by a VC firm.

What if you pick the wrong project, or the wrong sponsor, or the economy changes, or the business plan doesn't work out. 

To debunk it, we're going straight to the source — the IRS.The IRS says to keep records for your business tax deductions indicating:What you boughtWhen you bought itHow much you spentAnd guess what?

Would you recommend the PadSplit business model to others?

I recommend you find a qualified intermediary who:Will not commingle your funds with other clients.Holds a Fidelity Bond with Errors and Omissions Insurance.Member of the Federation of Exchange Accommodators and Better Business Bureau.Wire Transfer Security measures to counter wire fraud.Have a great day!

I do a ton of business in Indiana and I think we would be valuable assetts to each other's networks!

Then ask them specifically if they help with this sort of thing.Oftentimes owners of businesses want their employees to "think like an owner."

.- Rent out the other unit as STR or MTR for max cashflow - which will require you to become an expert at those businesses.- Learn how to do your own repairs & rehabs to save money now.

This is big business in Portland Or. for sure.

The rehab of the vacant was part of the business plan.