Initially partnering, then eventually converting a few key people to employee status with significant per-project bonuses to align our incentives while retaining the knowledge of how we do things.8) Rinse and repeat in other cities, based on how quickly the business can expand, vs. the amount of risk that I want to take on.

3) Or convert my $250K+ Rollover 401K into a Self Directed IRA to purchase the unit?

Has the street main been converted from lead?

Another good option, if you do decide to convert to a self-directed IRA, is to be a hard money lender -- that is to lend out your money to real estate investors, secured by property, at 8 to 15 percent interest.

There is a push to convert all properties eventually to city and do away eventually with septic systems and wells.  

If, however, you're converting it into a "targeted" property (a rental where a kid will live), you need to get certified and follow RRP guidelines and lead abatement laws.

The house is about 2100 sq ft on the main living area and 1100 for the basement (which I am converting into a rental).  

I have read a bit about the changes in tax implications when converting a rental to a primary residence.  

I am working on closing on a 2/1 for a great price in a great location in Indianapolis. My plan is to put an addition on the back to make a Master Bedroom and therefore making it a 3/1. The property already needs so...

Cleaning, classifying, relating, re-calculating and converting… I put on a long trance mix and deep dive into the data.