the normal tax liability is based on the amount withdrawn prior to the 10% penalty being assessed.

Fort Worth based with the organizer Jimmy Reed.

when lookin at skip tracing providers, find one that has pricing and payment options available based on the volume you'll be submitting.

Hi @Kaveh Narimani, I'm based in Southern California, but I have started my out-of-state real estate journey in Indianapolis.

You can find a company that has flexible spending options based on the volume you'll be submitting, and doesn't charge extra for the double skip process.

The leads are horrible and I've heard that some agents have had success getting out based on the new lawsuit selling one lead to multiple agents.

It depends on what your starting reserves are, but if you have enough for a down payment, I would look into DSCR loans for financing, as you can qualify based on the property's cash flow as opposed to your own personal income. 

Otherwise, what you are asking would be similar to me refi'ing a property of mine and your friend telling escrow to send the money to your friend instead of me.Remember, the property/cash is under the ownership of the LLC now.To "get the money out," you would do an "owner's draw" for which there is no tax consequence. 

can put the property under due diligence and check with the county if its possible to get a variance for the multi and settle based upon that contingency 

I've also built and seen others build a lot of equity in that time.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the "sweet spot" in Metro Detroit.