I watched the replay yesterday of Brandon's podcast on Rental Property, and as I plan my BRRRR strategy, I can't seem to get a consistent answer with a few questions.1.

I acquired a mobile home on a 7000 sq ft lot through foreclosure in Merritt Island Fl. and I need to rehab it so I can get it rented out. 

https://www.irs.gov/irm/part7/irm_07-027-008.htmlAnother tax that applies if flipping is consistently done using IRA funds is unrelated business income (UBIT).https://www.irs.gov/charities-non-profits/unrelated-business-income-defined

Ballpark expense projections are pretty much a wash for all five - pretty consistent across the board.  

If so, yes, it is.  Land

Austin is an island of blue among the red of Texas but that isn't real constraints like a peninsula nor an island like Manhattan.  

This business model included 100% mortgages and house-hacking-flipping five properties on the island of Maui.

 - RE-experienced/friendly lawyers do entity creation consistent with the state laws that govern their construction and governance

There are many benefits to using this loan and we will list those below- however please keep in mind that a licensed mortgage originator should do a full analysis to see which renovation product is right for you and your family.Here are some highlights of the Fannie Mae Homestyle Renovation Mortgage: Perform almost any type of improvement or repair including luxury itemsImprovements and repairs can go up to 50% of the after improved valuePrimary residences, second homes and investment propertiesOne- to four-unit homes, condominiums, and PUDS30 year fixed rate mortgagesAs little as 5% downNo mortgage insurance for loans with 20% equityReduced mortgage insurance for loans with less than 20% equity versus a 203kAdditions and second levelsSwimming poolExterior spa or saunaBuilt in BBQ island and outdoor kitchenBuilt in outdoor fireplaceTennis courtsGeneratorand really anything else you can think of!

You'll get what you pay for.Remember diminishing returns applies to accounting, your best system will be that that accurately records your financial transactions in a consistent manner which is easily managed and understood by the reader.