If it actually goes through, my plan is to use this money to fund my Roth IRA after I recover my basis.How much do attorneys typically charge and who pays?

We’re one ofthe few property managers that require W-2’s and a bank statement and we go way beyond the traditional, “income must =3x rent” qualifier.Below is more information about what our Applications Department does to screen applicants and find the best tenantspossible for your property.Required InfoWe require the following from each applicant over the age of 18, that is not a dependent of anotherapplicant (as evidenced on a tax return):Copy of acceptable state picture IDRecent YTD paystubRecent W-2Recent Bank Statement, all pages, no info blacked outRecent tax return if self-employedApplicants are often slow about turning this information in, asking us why we need it and then takingseveral days to submit.

Make sure you're accounting for the property tax rate differential for investment properties in SC - if you're going off of primary residence tax rates for the property (4% ratio), then the investment property rate (6% ratio) will likely be about 3x that amount.

I'm thinking the liquidity of the HELOC would be great to pull the trigger on a good deal when it comes and I don't want to pay interest on taking out money I'm not actually using yet since I haven't found a property yet.  

Just buy it in your name and then by time you rehab it and sell it if it’s two years then you can possibly get capital gains exemptionsNotLegal or tax advice

Get Hard money loan to pay off debts while I get HELOC either on Free and Clear2a. or the primary 3.

That being the case, even with an ADU, I would be paying at least 10k a month for the mortgage and taxes, and then have to get extra funds for the ADU, and I would not have that income for the first while. 

Hi Randi, have you considered hard money lending to just get things going?

Hey everyone, I often hear concerns from wholesalers about presenting the MLS wholesale exit strategy to sellers, especially when they think the seller could just hire a realtor and potentially make more money.

However, unfortunately rental income does not cover all of the mortgage on this property, so I will also have to transfer money in from my personal account to the new checking account.I hope that explanation made enough sense to follow.