@Brian HendersonPlease see the following regarding Considerations re Investing in Real Estate & Considerations re Choosing a Solo 401k provider:General Considerations Re Investing Retirement Funds in Real Estate:1.

It is usually the photos that draw my attention first, when I search for places to stay.

I suggest starting on the exterior since the improvements help everyone equally, and make it easier to draw in better higher paying tenants when you are filling vacancies.

You want someone that has a few crews, and ample work so that they are typically bonded and can float their workers due to the "get paid as you complete" draw process of a renovation loan.Let me know if you have any other questions!

Doing my taxes now. Have about 9 K-1s as an LP in syndications. I am able to put in all the info in the numbered Boxes, and at the very end, it asks me if there is a "Z code" in Box 20 (the first two syndications I ...

Inputs Purchase Price 100,000.00 Rehab 17,500.00 ARV (Refinance) 160,000.00 Project Length (Months) 2 Interest Rate 14% Total Points 2 Loan Down Payment 20% Advance on Purchase + Rehab 100% Closing Costs % (of ARV) 3.44% Annual Property Tax 2,000.00 Refinance LTV 75% Loan Costs Purchase + Rehab Loan-Down Payment 97,500.00 Interest 2,275.00 Points 1,950.00 Total Loan Costs 101,725.00 Closing Costs on Refinance 5,500.00 (3.4%) Refinance Loan (@ 75% LTV of ARV) 120,000.00 Other Project Costs (Closing costs + prop taxes) 5,833.33 Loan Payback 101,725.00 Total Cash Back 24,108.33 Less Down Payment Paid on Loan (20,000.00) Net Cash 4,108.33 Down Payment 20,000.00 Interest + Points + Taxes 4,558.33 Rehab (Advance before lender inspection and draw) 11,666.67 Gross Cash Required (although will get some rehab back immediately) 36,225.00 Cash on Cash 21%

So I guess do I just get a RE attorney to draw up a basic sale contract with standard contingencies like inspections, title insurance and all that?

Check out the population as well, is it increasing or decreasing and is there anything that will draw more people in the future?

I have outlined the considerations below:1.

InputsPurchase Price100,000.00Rehab17,500.00ARV (Refinance)160,000.00Project Length (Months)2Interest Rate14%Total Points2Loan Down Payment20%Advance on Purchase + Rehab100%Closing Costs % (of ARV)3.44%Annual Property Tax2,000.00Refinance LTV75%Loan CostsPurchase + Rehab Loan-Down Payment97,500.00Interest2,275.00Points1,950.00Total Loan Costs101,725.00Closing Costs on Refinance5,500.00 (3.4%)Refinance Loan (@ 75% LTV of ARV)120,000.00Other Project Costs (Closing costs + prop taxes)5,833.33Loan Payback101,725.00Total Cash Back24,108.33Less Down Payment Paid on Loan(20,000.00)Net Cash4,108.33Down Payment20,000.00Interest + Points + Taxes4,558.33Rehab (Advance before lender inspection and draw)11,666.67Gross Cash Required (although will get some rehab back immediately)36,225.00Cash on Cash21%