She was living on one side and decided it was all too much for her.Accepting all offersClose to schoolsLess than 1/2 mile to groceries, shopping and restaurantsClose to emergency services2 minutes to ParkLarge yard for families with small childrenOn a quiet streetFully occupiedNew water HeatersNew water supply lineNew DuctingNew CarpetNew Cabinets and countertopsRehab bathroomsAll Appliances stayOne tenant is on a month to month the other is on a year lease"- I will research rental prices for the area- I need rental rolls from seller correct??

The requirements of the safe harbor election for small taxpayers are: Average annual gross receipts of $10 million or less; andOwns or leases building property with an unadjusted basis of less than $1 million or less; andThe total amount paid during the taxable year for repairs, maintenance, improvements, or similar activities performed on such building property doesn't exceed the lesser of- Two percent of the unadjusted basis of the eligible building property; or$10,000 (for questions about how to calculate the unadjusted basis, refer to "Figuring the Unadjusted Basis of Your Property" in Publication 946You make the election to use the safe harbor for each taxable year in which qualifying amounts are incurred.

The house was sitting since June with no activity and they dropped it $20k and I offered $7,000 off he new price.

She would be a great contact and she is active on BP as well :) 

A quiet town that is on the verge of a boom (college opening up 1 mile down the street next September).

Call and speak to the most active local commercial real estate brokers in your desired market.

You can not actively do 'fix up' work inside of the accounts (IF that is what a person wants to do)You want CURRENT income instead of waiting until retirement years.With all that said, I do hold quite a bit inside of retirement accounts (as do my partners).

I have spoken with the water company in the area and they have told me it will cost $17,000 to hook us up to the supply (which is already on the street).

@Dylan TranIt appears that the LLC has 3 members and it made a total of $30,000 profit in 2017.It also appears that the activity of the partnership is flipping homes.If this is the case - the partnership will file a partnership return and provide each member with a K-1 listing out $10,000 of ordinary income that is subject to self-employment tax.

I’m looking to become more active in REI and utilize the equity I’ve built out in my property.