I would think it would fall under that $250/500k single/married rule, but for something like this I would talk to a CPA when you file your taxes to be sure.

As for competition I try not to worry about it because I'm taking another approach including sitting in on probate court hearings (Tentative Rulings) taking notes and marketing myself to attorneys.

So they track your identity and have credit card on file in case of damage.

Can anyone share with me a good rule of thumb in terms of the price / sq foot we should expect to pay for insurance in this area?

Hi Kyle,There are "in service" rules, as well as repair/capitalization regulations that impact this. 

Here in UT there are very few rules specifically about wholesaling - I don't know how CO looks at it, but I know UT is starting to take a much closer look at wholesaling and I would expect this market to tighten up a little bit when we've got more rules in place.

Knoxville and Chattanooga still have a TON of great deals, and many properties far exceed the 1% rule.

However, not all self-directed companies will allow the LLC structure.When setting up any of these accounts, it's important to know ahead of time the compliance rules that must be adhered to, which primarily relate to self-dealing with your tax-advantaged funds.

Howdy @Tim LynchLook at the 50% Rule Cash Flow estimate of $99.16.  

(By the way, despite popular outcry, there are no new rules or laws in this lease.