An example you be if you want to stay in a high PRICE loan under dodd frank and not get into high COST (where borrower has to take a certified class to know that they are paying a high cost) and you are doing a wrap owner financing (where you have an underlying loan on the property) then your limit above APOR is 8.5%, meaning you have to stay under 11.5% roughly for today (11.5% is example of today's APOR and your 8.5% max limit for subordinate liens, and 6.5% on first mortgage liens where you are financing a free and clear house) and it can change daily, use government rate spread calculator to check for each loan) then if you charge 10% and 4 points on owner financing, you may over step into high cost mortgage loan which we want to avoid.

Personally, I would prefer 90 days because markets are always changing.

Hi Nadine,If you're looking to make the switch to a full property management software system, I highly recommend getting a few free trials - it'll be a change from QB if you have been using it for a while and we all do things slightly differently.

Learn a LOT about investing out of state.Research the market you are going into and figure out the best markets.Make connections in those markets and vet those connections.Save up more money and move up from the war zone and go to a $30,000 to $50,000 minimum market where there is less crime, less vacant lots and vacant houses, where the police will actually respond to a call from a homeowner, where there are jobs for your tenants to work at, where there are schools for your tenants to send their children, where there are real grocery stores for them to buy real food (not gas station or fast food).  

I just changed my strategy in real estate.

It helps gauge (probably) how fast it will sell in that area.All of these questions help formulate a strategy that will help protect you.

But the trouble is the metro area has changed a lot since I was a kid and maybe there are areas that I shouldn't consider/need to consider or other facts that I need to know - knowledge that I can't glean from those sites.

hello everyone,I've recently made two offers on short sales, (they both happened today)as they looked like good deals when i quickly ran the numbers, so i made offers on both as things are going crazy fast here in vegas and i thought it was best to submit an offer then have the option of turning down the deal if it wasn't a good one.after using the rental calculator one cash flows for 90 and the other for 60. and this is without me allowing for cap x on either, the reason for this is that ones a town home and the other is a condo, both with good hoa's, i did allow 5% for repairs which i think is a lot as the condo has just been totally refurbished and the TH was in good condition and I've allowed 1500 for touch ups, so it'll also be like new after I'm finished. my thinking was that this 5% would cover both repairs and cap x as there shouldn't be much in the way of either. is this a terrible idea for me to allow so little for both.i would be waking in with 25k of equity on the TH and thats without my 20% down payment. and with the condo id be getting around 13k.here are the rental calculator results for both-any help would be greatly appreciated!

This change was made at the same time that our businesses and investments were growing and doing very well.  

It is a terrible way to go.I agree with @Doug Rose, that most cases, S-corps are good for active businesses and LLCs for passive businesses or holding RE.Get with a good, local CPA fast, before you make any moves you can't take back.