Assuming this is an 8 cap neighborhood you'd have a ~$420-450k value within a year (unless property taxes are crazy high) when leases would renew since it'd be valued as a commercial building with the office space.

Prior to my experience with Safeguard Capital Partners, I was a buyer of distressed multi-family properties in my immediate neighborhood in St.

If you were able to increase the value of the property significantly after the rehab, then you could bring the deal to a community bank  to refinance and take the hard money lender out.You keep all the equity and don’t have to file a partnership return for your annual tax return, which can be costly.  

The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.

Investing in a mortgage fund should not have tax implications for your Roth IRA since the investment is passive. 

You'll also need to show stable income for the past two years through W-2s or tax returns.Talk to 3-5 lenders to compare their rates, fees, and terms.

I've been buried with tax preparation and a couple projects, so BP moved from the back burner to completely off the stove!

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.

Turns out the theory was right, but the decline has been even steeper.You might be able to predict whether a future market will be better or worse than the current one, but predicting how much worse or better is nearly impossible.And don't even get me started on how sponsors could be manipulating purchase cap rate, whether intentionally or unintentionally, by reporting pro-forma caps, non tax-adjusted NOI, and so on. 

I make around $110k+ per year, live off around $75K, have a mortgage ($1900/mo for rent, escrow, tax), around $40K in equity, and no other debt.