Read books on investing in real estate, listen to the podcasts, attend webinars and stay active on the forums while connecting with other investors in your area and pick a niche.

The issue is that flip transactions are considered a trade or business activity, and if a tax exempt entity like an IRA engages in a business on a regular or repeated basis, then there is a tax known as UBIT that applies to the gains from such business income.

plumbing is still original- as of now before inspection no major issues.Electricals are breakersI'm about to make an offer for 240k.. and see where it goes from there.

(newbie)...it supposed to be a active seller w/ plenty of equity...etc...lots of filters you set etc...cost $64.95/lead.  

How long did it take you to close on your first deal from the time you started actively looking for deals?

When a property averages less than a 7 day rental period over the course of the tax year and qualifies as a non-rental activity, and non passive tax treatment, how is the rule about personal use affected?

That way if you do find something major like a bad foundation you have a chance of getting them to make an adjustment.

If you are active in these areas contact me pm.

And for the vast majority of people it provides greater future income than those who chose to remain uneducated.

How passive or active do you wish to be?