We are about 75% done with rehab and have temporarily run out of funding due to life changes.

I think I am starting to figure this out due to all the great help here on BP and some great books on SDIRAs too, but just want to make sure as we are some serious talks with a motivated seller about our next purchases.I understand the concept that when I use leverage in the form of a non-recourse loan in a SDIRA that their will be tax due on the percent of profits that are *related to that financing*.

We are with the Pinellas Realtor board. 

Both will have separate parking/entrances from street and I'll probably put a privacy fence along back side of apt so main home can enjoy backyard in privacy. 

Feel free to reach out with any questions you may have since we are in the same city.

We are in the process of closing on a duplex in St Pete. 

We are also looking to get in contact with a mentor that could help us get to the next level.

You could end up waiting years for that while you enjoy the stellar returns of bank interest and get to write a nice profit share check to you silent partner Uncle Sam (right @Steve Vaughan?).

We are about a quarter of the way through, so I'll keep you updated.

I do enjoy reading all the posts that are on BP and will continue to learn from all you seasoned investors!