In this case isn t the UDFI calculated as such: $10,000(50% of income attributed to debt financing) - $4000 ( mort into expense)-$1,000. ( 1k exempt)= $5,000 UDFI to which tax rate is 15% or $750.Every extra $100,000 of capital in the IRA more than doubles the UDFI tax on initial 100k of capital as tax rates increase.Also assume a person forms an LLC for the purpose of having a property management company manage a property for 7%, $700-$200(expenses)=$500FICA taxes= $500 x 15.3%=$77So by filling out a schedule C for business and paying $77 in taxes, self employment, you are saying it's not worth it?

that is the biggest discount i have heard about and it would scare the heck out of me what do you attribute the half off price to?

I query all my data for certain attributes to find the most likely sellers.

You want to make sure you stand out, get a few people in immediately and get great reviews.

My biggest tip is to keep networking and asking questions.Regarding comps...you'll want to take your subject property - identify its property attributes: Beds, baths, SF, finish level (interior & exterior), # of units, and then find other properties within a certain distance anywhere from .25-1 mile and find similar properties with those attributes.Then do the same thing for determining the after-repair value (ARV) except now you are looking for properties with the nicer finishes you will use on your rehab value.We always look at closed comps within the last 12 months max or less if there are enough good comps.  

I put nicer tile floor throughout (except bedrooms and stairs)I want to do better than white appliances with laminate counters to stand out among neighboring propertiesI haven't deemed it sensible to spend the budget on this property to do both granite and SS.  

Each time a tenant moves out, inactivate them and add the new tenant as another job.Doing this will give you a tenant [and repair] history of each unit at each property and keep your customer list from being 2 miles long.For apartment units, add a job for each unit under the main property address, then add each tenant as a separate job under the unit number.It will look something like this:Customer Name: 123 Main Street Unit A Current Tenant's Name Unit B Current Tenant's Name Unit C Current Tenant's NameWhen you invoice, start typing the tenant's name and all the information will fill itself in.Use Rent as the Item and attribute it to Rental Income.

DEFINE what attributes your ideal client would have and also the attributes of your investors you would NOT want to work with.Step 5.

People are moving at never before seen rates and that is also attributing to rising prices.

https://www.improvenet.com/before-and-after-home-remodeling-costsFor those of you asking for help estimating rehab costs, sounds like survey respondents in some areas are pretty good at estimating materials at least...attributed to diy and flip shows.