Spend 5%  on a nice " toy"  enjoy lifeGood Luck 

Chris - I’ve also been toying with the same concept this past week… In theory, it seems like the logical step to use some of my IRA to fund my own REI opportunities (e.g., flipping).

You might can toy around with that if you don't want to spend too much money @Jay Luke 

Also, I want the 'toys' that I can get on new vehicles these days.  

I have toyed with renaming my LLC to Immobiliare. 

Definitely seek the advice of an accountant or toy around with a more advanced version of turbotax to get better numbers.

Same story here with Allstate on two different occasions for the same issue, hail and wind damage (shingles were laying on the ground) they offered both times to fix a little to y section that was less than my deductible so I passed.

When I bought this place though, the kids who lived here had drawn on the walls with crayons, spilled nail polish on the hardwood floors, and dropped small toys down the tub drain.  

I would want to see a minimum of 3 months of reserves at what they currently spend every month (nights out, toy payments, etc) and 6 months of their nut (mandatory payments)

All of the numbers point to yes, I should do this (even if I develop the land and sell it to a competitor I'd triple my initial investment) I just need some reassurance!