A post I read recently spoke of buying an option (strike price $375k) for $100, then finding a buyer for the optioned property for $525k, netting a cool $150k into the SDIRA, a massive return on a hundred bucks.

Lots of timeshares selling for a few hundred bucks, or even less.

The other is outright deceit to make a fast buck without concern for the buyer.

If you're not locked to California, you can get lot of bang for your buck outside the state.

There is, though, a large body of literature on the subject (court cases, IRS rulings, expert commentaries), and if it comes down to a critical issue involving significant bucks, it'll likely be a good investment to pay a tax pro to advise you based specifically on your particular fact set.Best of luck with it!

:wink: "Smart And Mature Using Real-estate Acquired Income" :)

So I would have it worked out before you agree to buy the first.There are lots of threads on there that say some backs will take 5-10% and other say 50% - seems to depend on the bank and asset manager you get.Also - the appraisal from a year ago is 100% worthless - I would spend a few bucks on a new one before you decide to move forward....also - it will help your case to show that it isn't worth that much.

I know a guy who can do you a professional logo for $40 bucks.

These numbers are from the APODS, schedule C or 1120s's EXCEPT heating oil -- I take their actual gallons and assume $3 per gallon for a "base case" (I don't want a building that won't cash flow if oil goes from 2-3 bucks gallon ... it's gone to $4 before so $3 is not a stretch in my humble opinion -- is this reasonable?)

There are services that will do that online (I really can't remember them but Google is your friend) but I would make nice with a realtor - heck - realtors get commissions on this too - if they can rent your place - not all deal with it though so I would call 10-20 realtors and I am sure you will find one that will do it for a few bucks or will charge a commission when they find a tenant.