Our portfolio currently cash flows, but cash flow isn’t our top priority right now since we plan to use this portfolio to supplement our retirement in 12 years when I leave the Army.My biggest challenge is committing to an out-of-state market.

The bank does still ask for my tax returns each year and with each deal and my adjusted gross income last year was comparative to your stated cash flow from your rentals.

Taylor kept insisting that we obtain and send a copy of these articles with the state seal directly on them.

Based on IRS Private Letter Rulings (PLR 200805012 and PLR 200901020), development rights can qualify as like-kind property for a 1031 exchange if they are considered interests in real estate under state law.

I find that it's almost a one stop shop in that I can use it for my business checking and savings accounts, bookkeeping, for rent collection, I can issue virtual credit card, I can create all the financial reports I need to run my real estate business and prepare for tax filing and through their partners I can vet my tenants, develop state-specific leases and more.

Your attorney should also determine if this is legal in the state(s) you’re lending in.

Personally I never listen to what the seller states the income is as they are sometimes way off.

Since I am out of state I rely heavily on trustworthy & knowledgable input.

Looking for someone who is successfully doing this in the state of Maryland?

My oldest graduated from BSU (engineering) and has a stellar career, and my youngest went grade 7 - 12 here in Idaho so he got the full experience of what it's like to grow up in this great state.