It is a tax tool that allows you to accelerate your depreciation on a piece of property.

That piece is often underestimated by many.For the other key numbers:The structure is  Maximum Allowable Offer (MAO) = ARV - Holding Costs - Rehab - Closing Costs - ProfitARV (after repair value based on recent sales within a 1 mile radius.

Often I found when you step back and take it piece by piece day by day it is much more easier to manage.

And I kind of thought you were either Mike with a different name.. or now you acknowledge a personal friend of his and thats cool.. but it does put the pieces together.

@Ryan Dickerson, while you will ultimately need to either make a somewhat blind leap or hope you can find a contractor that will walk your properties, one piece that I will add is: YOU need to know what type of finishes you are looking at, and understanding their material costs.I.e. are you going to do carpet, LVP, or true hardwoods?  

Have you gotten anywhere with the Salesforce piece of this yet?

Seems to me directing your custodian to invest in something like a piece of real estate isn't the same as telling them to buy X number shares of ABC stock.

@Jorge Farinas Yes you absolutely could add an additional piece of collateral for more security and peace of mind.

As far as the tiny home and rv comment a lot of the county's here have or are discussing banning of tiny homes I know my county has a restriction in place for tiny homes and rv's on a piece of land.

. $8,000 a piece for installation, connection, and field lines.