So, this is putting him in the position to have to look at the possibility of doing a 1031 exchange on the 2.5 - 3.0 million that would otherwise be taxed at capital gain rates (he wants to avoid paying Uncle Sam at all costs).

Those who do not give a forwarding address generally are afraid of being served with a notice or lawsuit for the cost of damage beyond what their deposit covered. 

Sai Srija Edara, as a loan officer, I understand your interest in investing in a new property while considering the potential profitability and opportunities.Pros of Buying a Second Home in St.

Since we own the property, the only costs (hopefully) will be in converting the whole attic into a studio.

Cleveland is known for it's strong cash flow potential.

but list the property informing potential tenants no dogs, cats, lizards etc. specific.

Only for example, should replacing a toilet cost cost $400 instead of $200? 

It costs more, but installs fast and is typically better quality.

The check book control package look attractive, at $1095 after a July 4th $200 discount :-) https://www.broadfinancial.com/self-directed-ira-plans-custodian-checkbook-control/I will need to set up one with pretax 401K , then another with after tax Roth IRA, so, want to make sure to control the expenses/cash flow of start up costs. 

If I had to come up with the down payment, closing costs, etc. it would be tight, and I worry that I wouldn't have enough working capital.Thank you for your help!