So you wouldn’t get any depreciation on your new purchase assuming you only spent the $450k.

There is an amount that you can distribute from an IRA account to purchase a personal residence.You then might be able to turn the personal residence into an investment property.Best of luck.

Purchase Price: $215,0002.

It's calculated as the ratio of your total loan amount (loan amount for purchase + loan amount for your rehab) to your total costs (purchase price + rehab budget). 95% is a good target.Avoid application and other upfront/junk fees. 

We’re fortunate to have an above-average income and live well below our means.This summer, we’ll be moving to Detroit (PCSing in August), and we’ve saved about $120,000 to invest in addition to having funds set aside for the home we’ll purchase in Detroit.The reason I’m posting is that I’m struggling to decide how to best allocate the $120k.

But we want to get into house flipping and have started looking at the listings here to find investors and properties.My question here is if we are in escrow and we find a property and an investor and get in escrow there, how would that affect the purchase of our new home?

- Look into if property taxes are reassessed after purchase.

If so, then you would want to purchase a homeowner's policy.  

These are great questions and a great idea to do some due diligence before the purchase.

I recently purchased my first duplex in Peoria, AZ in September and I am using it as a house hack where I rent out one side and live in the other.