I factored in misc. repairs and pest control but used 3.5% for the rate putting 20% down.

Another wholesaler would tie up your original contract and try to find a buyer, you would no longer control the deal.If another wholesaler already has a buyer then have them put down EM with you before you assign and make sure their buyer has the means to close.

@Paul De LucaThank you so much for the suggestions!

Qualification involves being both self-employed and having no full time employees in any business you control.The Checkbook IRA LLC is also a great vehicle for diversifying retirement savings.The best thing to do is speak with a few professionals who offer checkbook control plans of both types and determine what the best fit for your situation both today and for the long term may be.

That gets him set up in a new place in the area, but gives you back control of the unit in your building.

@Marissa Miles I don't like condos and townhomes because I don't have control over the fees.

Unfortunately the OZ rules do not allow a related party transaction where you purchase the OZ property now without an eligible gain, either in your name or with an LLC controlled by you, and then later acquire it from yourself with an eligible gain in a QOF entity.

Tenant shall pay for all loss, cost, or damage (including plumbing trouble)caused by the willful or irresponsible conduct of Tenant or by a person under Tenant’s direction or control."

They don't like to do repairs or finish things so it should be truly move-in ready.The 55 plus market is also seasonal, yes properties turnover all year but a bulk of them will be in the first quarter in Mesa.In summary, know your market, control your costs, and hopefully, have a unit ready in January in a perfect world.

My self storage business seems to meet most of the requirements for being excluded from my total assets - the business/real property is owned by a family-controlled pass-through LLC, has employees but fewer than 100, provides services in connection with its real estate holdings, and keeps separate bank accounts in the business name.