See, it's a snazzy start-up where everything is remote (besides their main office in SF) and they got da fancy "algorithms" & da nifty "machine learning" with a coefficient quadratic equation here and a pythagorean theorem there that tells them what rent should be and tenant profiles you should look for.

That being said, this is mainly doable for folks taking on cosmetic rehabs with great time management/construction management skills.

The property would be in a C+ to B- type location, with cash flow as the main objective and appreciation second (75/25 split).

The main reason to do a cost seg study is to generate bonus depreciation, which creates passive losses.

It's one of the most important elements of making a deal happen.

The main property will be my primary residence.My biggest question is, what kind of foundation would you use, (that is to code and will pass inspection/permits in Charlottesville) that is either relatively easy DIY or cheap to outsource.

I made the layout more user friendly, added a whole wall of closets in the main bedroom, totally gutted kitchen and bath.

My main concern is whether it's hard to meet their criteria for properties and secure funding.

As mentioned the main downside to using a SDIRA to purchase properties is you get no tax benefit upside (depreciation) and have to pay taxes on UDFI.

I’m mainly concerned about the rate change happening without prior notice, especially since both loans started and are closing on the same day.I’m scheduled to sign tomorrow and close on Friday.