For another you and your parents need to understand the impact of any gift claiming now and what's going to constitute a taxable.

I am from Omaha to and thankfully were not as impacted as most of the country in those recession so just make sure it’s a good buy from day one and you won’t need to worry about that.

I'll start over though.You want to be comparing how much YOU have into the deal (CASH invested on purchase, plus rehab money) to the amount of money you'll get BACK when refinancing after the fact.This effectively gives you an idea of what impact the deal will have on your cash position after you get through the project.  

If the first thing they tell you is that one of their listings would work best for you, that is a red flag, as this usually means that their primary goal is getting both sides of the commission at the detriment of (at least one of) their clients.

That helps.A refinance will have some impact on your credit score but depending on how soon you’re looking to make your next purchase that may not be a factor.If you don’t financially need to refinance to buy your next property you might hold off.

I bought a house that has low spots in the lawn where water pools (attracting mosquitos), more weeds than grass, and the front walkway, driveway, porch, and garden pavers look like Frankenstein's monster. Also, the fe...

I learned from them and grew past the frustrated, burnt-out LL stage to the nicely profitable and relatively low-impact stage. 

That entity may have no controlling influence by you or lineal family that are considered disqualified persons to the IRA.There are considerations that may impact whether such an investment will be beneficial to an IRA.  

I think a big part of the potential for improvement is the positive impact that the Paramount School of Excellence is having on the community.

If management is a concern, you could sell it owner finance and limit the impact of your gains.