And since you've lived there for the required year, presumably you're looking to do it all over again.  

I presume I just charge myself market rate?

You will collect some rent during those six months, presumably.

@Tanner Fox i presume you mean a listed bank owned prperty or do you mean bidding at a foreclosure auction?

You are presumably selling this for $115K (around the 70% of ARV area), a gross spread of $35K.

There are several older forum posts on this subject, and they've been removed by forum moderators (presumably b/c it's viewed as commercial/marketplace), but if do know of a portfolio lender, please send me a private message with the contact info. 

IRR tracks all of the inflows and outflows of cash, and you can count both forced and organic equity appreciation as positive CF events, presuming you have a strategy in place relative to liquefying.

The next general meeting will be in in Horsham on 31Mar, but presumably you'd be interested in the BuxCo/ChesCo/MontCo subgoup meetings.  

Although the article didn't say it I presume the structure would also avoid the CA gross proceeds fee on LLC's.

(In addition to the higher costs.)But you are right that the mills deal with standard stuff, which is presumably what almost all foreclosures are going to be.