Do you think I could go to a first buyer seminar and post the house as it or list it in the paper as a 1st time home owner deal and sell it as is and make the new buyer responsible for taxes?

It's a borderline asset at best and true liabilty on paper.

If you have a tenant with good credit ready to build, and you have the ability and connections to hold the paper or sell it (among other things), then that's a special case.To answer your question about when it makes sense to build new with regard to multifamily, I would begin by asking myself the following question: Is anyone else building anything like this right now in this neighborhood that is proving my pro forma.

I've walked away from deals with better cash flow on paper, but what sold me was the existing tenants (the purchase was contingent upon the tenants renewing for 1 year from the closing date).

If you think they can’t afford the place (and aren’t otherwise disqualified in your criteria, such as borderline income), consider asking them to show you on paper how they will pay their bills for the next three months.

Dean's white paper, written in 2004.

Once I had those down on paper, I couldn't help but hustle :)I hope that helps!

Would the above scenario be construed as "if not for the SDIRA making the down payment, the loan would not be possible" or "if not for the SDIRA owner signing the loan papers even outside of the SDIRA, the deal would not happen?

I am wholesale curious and recently came across a deal that is a SFH made into a triplex that looked like an excellent deal on paper.

I've done my best to start calculating the numbers for properties I'm looking at in my spare time, but I don't feel comfortable making a deal when so many deals appear to be bad on paper.