U want your parents to talk to their CPA FIRST.. if they go the development route they are now ( depending on the amount of units) creating inventory.. which will be taxed at ordinary income rates ( very HIGH)if they just sell they can 1031  and move on to something else.. many times when you run the math consider the risks of a partnership.. the sale of the land is far better than thinking your going to make some profit.. 

If you're seeking a reliable income stream, consider checking out Cleveland OH.

We got wind of it through one of our Broker contacts.. the issue for the land owner is he had taken roughly the same option payments yearly 150k And now with the option failing he was going to have to capture all that income as earned income and pay tax.. ( which of course he is kind of like a lottery winner the 150k a year was always gone in 10 months) So he was in a potential bad spot with IRS and we were able to step in and take over the option for the same terms.

From cap rates and cash-on-cash returns to net operating income (NOI) and internal rate of return (IRR), how do these numbers help you understand their impact on investment decisions?

If you are buying or refinancing an investment property, you can use a DSCR loan to finance which doesn't consider your DTI or income to underwrite the loan.DSCR loans are based off of down payment, credit score and either actual or market rents so it helps to supercharge an investor's real estate goals and net worth.

I am new to real estate , i just purchased my 1st rental house in fort worth, and made it available for renting for about $2100 , i am getting lot of section 8 / voucher's for the house, although i am interested in renting to to section 8 ,  i am confused on what are the minimum income criteria should i look for  ? 

Lawyers still have to think about the return on their effort which is why rich people get sued, not penniless people.I see others that are planning to do things that pierce the corporate veil.  

Please keep in mind that for flipping, any investment held under 12 months is regular income, not capital gains income.

Hi Jay,If you aren't currently employed/have no income, most traditional loans will be out of the question.

This could provide a steady stream of additional income while allowing you to stay in the home you like.Short-term rental: If renting out a room isn't feasible, you could explore the option of short-term rentals through platforms like Airbnb.