Trying to figure out how to deal with a home I will soon have under contract in Connecticut.I live here in Dover, De and I recently had one of my direct mail recipients call me about a property he has in New Milford CT . 28 Maple Drive New Milford CT 1311 sq ft2 bd 1 bthSingle family homeNew roofFull basement Big shed attached to home2 car garage0.49 acresNo foundational issuesSits 2 streets from a lakeHas some broken Sheet RockNeeds new furnaceHouse is outdated/ needs cosmetic repairsHouse was previously owned by the sellers parents and they have since passed.

Can anyone shed some light on what I'm actually looking at?

I run shorter depreciation schedules for non-integral assets like sheds, fences, appliances, window treatments, etc.     

Construction type is "steel house", which means steel studs with shed type enclosing, and I understood that the sellers built the house themselves, probably with one of those pre-engineered kits, which may explain the initial N/A (not applicable) in the oldest sales history entry.

As someone who wasn't even sure about what real estate investing was about at the time, I had no less than 30 people just throw their business cards at me, barely even giving me their name or leaving a good impression.Furthermore, after paying $30 to get in, there was a speaker for an hour and at the end it was a sales pitch to get us all to buy their $1200 Business in a box.I have a friend who keeps forwarding me the CTREIA event invites because he wants to start going, but my time and money is way too valuable to spend on a sales pitch.Can anyone shed some light on the actual benefits of joining a local REIA?

Anyone can shed some light here?

If there is extra I have a shed to do .

Remember, location, location, location.Indianapolis is a big city, I would get in touch with a broker who may be able to shed some light on where buyers are buying and what they are buying.  

I will look into the reference you've provided as this may shed some light on the topic.

The following IRS website sheds some light on the rules.https://www.irs.gov/Retirement-Plans/How-Much-Salary-Can-You-Defer-if-You%E2%80%99re-Eligible-for-More-than-One-Retirement-Plan