I have seen the concept floated around about a local investor's coaching program but I don't have any money to spend aside from splitting the profits of a deal 50/50 nor do I know where to identify such a program.

The notion that you are floating both tells us that you not only don't know the market, but also don't know yourself.

Detailed renovation costs and rental numbers posted below: Item Cost Demo (includes removing kitchen wall & installing support beam) $1,500 Exterior paint & siding repair/replacement as needed $4,500 Roof repair $350 Foundation repair/basement waterproofing $6,200 Renovate existing bath (new tub & fixtures) $975 Build new staircase to access attic $3,600 Finish attic space (reinforce joists; install subfloor; insulate; install windows; framing; electric; drywall; add bathroom) $19,500 HVAC $2,000 Tile tub surrounds in both baths* $600 Electric (new fixtures/outlets/switches)* $400 Interior paint* $800 Flooring* $1,900 Misc carpentry (trim work, shiplap, floating shelves, etc.)* $575 Misc (landscaping, kitchen faucet, door & cabinet hardware, drywall repair, smoke detectors, etc.)* $600 Utility costs during rehab $200 Closing Costs $2,000 TOTAL $45,700 *DIY jobs; cost listed is for materials only We have almost a dozen showings lined up this week after just a few days on the market, and hope to have a tenant selected over the weekend.

It still does not make 'sense' to me though (as so many government rules dont) as it seems like by allowing that there would nothing for the IRS to 'lose' by allowing it, and there would be the possible benefit of having the Required Distributions in the 401K ROTH, and therefor more money floating around in the economy to be taxed.Either way, thanks for your input!

If you develop relationships and have some experience under your belt, quite a bit of money floating around from private lenders from 8-12%, no points, Iin my experience.

Try floating those out in front a non-rational thinking person with trust issues to begin with.  

There are always deals floating around, don't rush in just because this one is next door.

It's whatever floats both your boats.

In the last few years they have floated two school bonds worth $3 BILLION dollars.

What kind of flooring did you use and did you float it on the tile to save on demo costs?