If I am wording this incorrectly – you know what I mean :)This is my question: when they consider the ‘value’ of my current property, does that mean what my current property is ‘worth’?  

Quote from @Michael Norwood: Quote from @Jay Hinrichs: NNN for some depreciation and Be the bank for cash flow.the example of flipping houses stated above is just not reality and incorrect about whats a write off etc.. if buy a flip for 200k and put 70k into .. the 70k is not a write off its added to basis. consult a tax professional. 

Hey man.Allow me to try to change your mind, approach and knowledge so you (and others) would be more successful at this.What you are saying is incorrect. 

@Logan Turner This is somewhat of a quirk in conventional underwriting guidelines, but I do know of a lender who will do a conventional Fannie Mae backed loan in this scenario if you are the 100% owner of the LLC and you quit claim the property into your personal name.

Understand the neighborhoods, market trends, and the quirks of local real estate.

Am I reading this incorrectly?

I'm currently doing a live-in flip on a home south of Nashville in Spring Hill that has a few quirks.  

Originally posted by @George Blower:@Amie W.it is okay for your spouse to participate in the same solo 401k as you since he is also performing self-employment activity under your business even if it is treated as 1099/schedule C income.I believe that's incorrect.  

I didn't want to take a chance on it having been installed incorrectly, and the ensuing mold issues, so I walked.

Lately, the management company has been telling us that the property has been treated incorrectly as a condo and not a coop, and that we need to go back to treating it as a cooperative corporation.