It is then up to the borrower to make their own intelligent decision.Sorry for the rant but had to be said, for the benefit of others.

@Joshua Savage,IRA (and investments you make with your IRA) designed to provide you with the future benefits, at retirement.

Some overestimate the market rent or underestimate the rehab budget.Getting those numbers right is absolutely essential, otherwise your calculations will not be accurate...

In general good candidates will have the following: 5 or more years residential construction experience their own subcontractors already in place, so they must be within about 25 mikes of the assigned zip code their ability to estimate a job is essential so they will have to have direct experience doing so as well as solid knowledge in estimation software they should know excel and other basic computer skills, its definitely preferred but if not we can get them an online courseThank you

I'm wondering what the benefit of doing so would be and if it's really necessary.

That would probably involve your own cost/benefit analysis for your business and making the business decision based on your analysis.

So if you are using a different loan type...that loan type may not have that rule at all.Admittedly, that strategy is designed to benefit people at a higher price point.  5% at $150,000 is a lot more money than 5% of $32,000. 

Thankfully I won't be in as tight of a payment bind as your daughter or even a couple of my own friends so I'm still wrestling with the long and short term benefits for me.Sounds like you found some good deals to get this plan in action and I like the company name!

You'd benefit from someone who is going to put in the time and effort to find you the right place to get/keep you on track fro your future investment goals.Best of luck to you!

@Tyler MartinYou shouldn't feel stress working with a professional - especially if you are paying $$ for the services.If your tax profile includes real estate(buy and hold, fix and flips or wholesaling) you may benefit from interviewing a couple accountant's on this website.