Maximize expenses inside the business as the tax code allows. - Anish

Its a Triplex with an unfinished bonus room with possibility of making a studio rental.Current Income: $2755Mortgage Expense: $2600Current mortgages total $349K  (1st+2nd)Owner is open to creative financing.  

My Dad is a contractor so all of the work will be done in house so I'll be able to avoid contractor expenses.

However, most of that income is offset by expenses to reduce taxes.

I learned to cook because the foods I liked are expensive in restaurants.

PMI is an unwanted expense that can be the difference between cash flowing and not cash-flowing, so getting rid of that should be a priority.

Here are some rough numbers for my expenses so far:Purchase price: $1+$25 recording feeBack taxes: $2300Legal fees: $3000Rehab estimate: $5000Tax assessed value is $66k.  

Most are GURUs GURUs GURUs - you may not know but the local club that host the GURU, usually gets 50% of the sales after expenses are paid.

Those funds can only accept rollovers from other qualified plans, or you can make cash contributions to them from earned income.Once you establish self-directed plan and acquire asset inside of it - you no longer need to worry about doing 1031 enhance inside of it.

This option would raise our loan points by .625 extra points (not a major hike) and we would incur roughly $1,000 of extra expenses at closing.