If done right, we could live in it for a few years and eventually turn a profit.

I would eventually want to rent the property out after having lived there long enough to satisfy the FHA loan.

I want my RE investments to eventually provide income that I can use, and I thought if I kept the properties in a self-directed IRA that I can actually use the income..

I eventually scaled up to roughly 10,000 leads in multiple counties, and it would have been difficult to target those lists if we physically needed to go in the court house since a lot those records aren't available online.

Ergo, when you subsequently sell the shares you would owe capital gains on the difference between your basis ($500) and the amount that the stock was sold for.Say, you eventually sell the stock for $1,700, your capital gains would be the difference of the "carryover" basis of $500 (NOT the $1,000 FMV as of the date of gift) and the selling price of $1,700; hence, your capital gain would be $1,200 - subject to the capital gains tax rate that would be in effect at that time.Again, seek out a competent tax advisor for further guidance.

She doesn't know how much was owed on the property which I know will eventually dictate whether this is a deal or not.

Renting allows a wider radius and you can eventually plant roots somewhere else.The list can go on and on...

Eventually you will need work done, and burning every GC around isn't going to help anyone.

I had tenants that were telling me month-by-month that they are looking to move out and eventually we had to go to court regardless.

I'm totally fine with working full-time on this (in order to replace my job), but I eventually would want to hire someone out and move on to something else.I'm in Los Angeles - If you don't mind me asking, how are the numbers in your storage business?