Somehow you will want proof of that amount just in case the PA Dept of Revenue audits the transaction; going through a title company will help you to have proof, because the PA Dept of Revenue will use the tax assessed value multiplied by the leveling factor for that area to impute the property value amount upon which transfer taxes are expected.

You'll probably want to set it up as either a TIC, Condo, or Co-Op. TICs

There are multiple levels of certification depending on how much remediation you choose to do, each certification level comes with corresponding requirements for routine re-certifications.

I see that my greatest barrier to entry is the high prices in my immediate area and a lack of contacts to turn to for mentorship and deals.

But its true going higher than 43% increases the risk in the loan and affects your ability to sell the note should this be your interest.On the issue of selling the note,  you need to do a MUCH higher level of compliance to have your note marketable.  

I would require minimum liability levels of 1,000,000.

I've been working at this over the last 2+ years and looking forward to taking it to the next level....Rod

Depending on your risk level you can simply use credit cards/401k as cash emergency reserves.Lastly, adjust reserves accordingly based on future expected CapEx needs

With the recent use of RICO and UDAAP against lenders of all types trying to evade licensure at both the state and federal level, people that try to be smarter than the law will pay a price.

This is a trust tax designed to level the playing field so that tax-exempt entities do not drive taxpaying business out of business when they substantially act like a comparable commercial business.Because of this tax impact, flipping houses in an IRA may not be as lucrative as most folks think since the common assumption is that everything an IRA does is wholly tax-exempt.