The home it self is need of a total remodel.

I am nto sure what effect this would have on zoning though.

I am not sure how they structured it for their kids but I've sold properties to people from California using a self-directed IRA for their children.

As a side note this shouldn’t effect a flip overly much.

@Jared Bausch  You need 2 years of history in self-employed income.

It's my assumption his idea is to use these spaces for new industries..like self-driving cars.This is his "Next Uber."

Only then, can you operate an effective business.

Kristin Clarkman s corps are usually used by flippers who want to reduce their self employment taxes in the real estate realm.

if you insurance business is being reported on Schedule C (not in a S-Corp or LLC) this will not however reduce the self-employment taxes you have to pay on the insurance income.A Cost seg is really a play on the time value of money, depending on your goals with the property it may or may not make sense. 

If a builder announces a new project in an area, then what happens to the neighboring property prices?Do they increase or decrease due to supply or what?I would really appreciate if anyone can help me in this?ThanksHarsh