Most of these homes are pretty, not needing work.For terms deals, I FIRMLY believe you need to be like a caring financial planner type, not like a hard driving car salesman type ("take or leave it").My byline: "I assist Home Owners Sell for Top Dollar and Maximize Their Equity"See https://vimeo.com/131990155Not AT ALL "just Wholesaling".Don't Be a One Trick Pony.

As you move into a career and get into higher tax brackets, it may not make as much sense to do a Roth since an immediate tax deferral might prove more advantageous, but at 19, I would maximize the Roth as much as possible (up to $5500) per year.  

The "just market value" of their land is then listed at $250K (the county defines JMV as "The price at which a property, if offered for sale in the open market, with a reasonable time for the seller to find a purchaser, would transfer for cash or its equivalent, under prevailing market conditions between parties who have knowledge of the uses to which the property may be put, both seeking to maximize their gains and neither being in a position to take advantage of the exigencies of the other.")I am very interested in learning by participating in this deal but I don't know whether i am getting screwed through 1) him assessing my basis too low by valuing it at 212 instead of 250k and 2) the terms of the overall deal.I am leaning towards doing the JV since there are other places where I can learn about rehabbing and renting, or flipping, but this property offers a great opportunity to participate in a development with a high quality experienced guy who is very well connected. 

I have a decent amount of start up capital for my marketing but I just want to make sure that I efficiently maximize each and every dollar so that I can build and maintain sustainability with my marketing.

Because I will be doing the rehab and garage is a clean slate, here are a few options I am considering:Convert it to a master suite, which will make the house a 4/2 with 1500sfConvert it to a studioConvert it to a 1/1 My goal at the moment is to maximize ARV for refi, but I am not sure how the appraiser will look at it.

Maximizing profit also maximizes work - there's no free lunch in life - so I play it by ear.

Today I was speaking with a friend about maximizing cash flow on my rental properties and he came up with a BRRR method minus the last R and I thought it seemed like a good idea.I currently have 2 rental properties and both are paid for.One is a small house that I have about 15k into and it cashflows about 500 per month.The other is a quadplex that I have about 70k into and it cash flows between 800 and 1500 per month (one room is an airbnb).

IMHO maximize 401k (preferably roth) and anything after that save for down payment and leverage by investing in real estate.

If so, that's really the best option for the owner to maximize the net proceeds.Unless you're in the origination business, you're probably going to have to sell a seller financed note at a discount.

Can you rent by the bedroom to maximize your NOI?