The township is supportive of conversion to sfh, spoke with their rep and said because the way the duplex was constructed (rancher) permits are easy to attain.

He also does not have much cash to support this massive renovation. 

Some feel cheated by the bank and will go on about the lack of support the bank offered. 

@Neil GarceauFor one, people get the loans because they have the income to support it. 

The numbers support buying a property that is $250k or less within 50 miles of I-35.  

It seems most of the IRA custodians that support the SDIRA/LLC arrangement don't actually handle setting up the LLC or help with the mechanics of operating it.We've found a couple that do, IRA Financial Trust Company and Midland Trust.

I would like to keep all further RE purchases under professional management so I can focus on acquisition and my full time career until I can grow this enough to financially support my family.I have definitely learned a lot from the first property we owned and would prefer to stay away from C-class properties unless they are in a really good area (which seems like an oxymoron lol). 

Hey all, I've been looking for the data to support this but it's hard to find at the moment.

However, if you are planning on bringing on JV partners or Syndicating a larger asset, you are then becoming a fiduciary of other investors' money; you don't want to take unnecessary risks on upside unless market data supports it.I personally would advise on your underwriting when considering what offer to make you should factor in some vacancy expectations.

I’ve made it my mission to focus my real estate business on supporting female investors to begin getting in the game.