I live in Los Angeles where properties are out of my reach so I started to look at Cleveland and then it went to Memphis then to Columbus then to Palm Springs and Euclid on top of establishing relationships with agents in each city. 

Do I want to build a working relationship and transition into bigger deals down the road and use these smaller ones to test out the waters?

If the IRS ever looks into it, it will not hold water, and you will face high back taxes plus high penalties.In other words, these are tax savings to you, but improper tax savings. 

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $180,000

After returning from a multi year tour over seas I bought a desirable place to live, a townhome near downtown....

Investment Info:Small multi-family (2-4 units) buy & hold investment in Colorado Springs.

Investment Info:Small multi-family (2-4 units) buy & hold investment in Colorado Springs.

If you put the home Under contract for 65% of ACTUAL value or less you will NEVER be without a buyer.Wholesalers get in hot water or have to rescind contracts when they commit to purchase a property for more than they can sell it for.

It is imperative to know that your property is healthy.Trevor Conklin, you will need to factor in other costs such as insurance, water and management fees. 

Now, I need to know the exact usable space, wetland delineation, water & sewer hookup cost, mitigation banking, cleaning up the trees, construction cost as exact as possible.

We rented our  1st house this december for  $2,100 ,  We could easily sell it in the spring/ summer for $260k.