@Nicolas BotiaSpend 6 out of 9 hours prospecting every day lol. 6 hours is a lot though for most people.You have to be mentally tough and consistent.

UBTI is generated when a tax-exempt entity engages in a trade or business on a regular or repeated basis - such as flipping properties.A Solo 401(k) does have a narrow exemption from UBIT stemming from Unrelated Debt-Financed Income. 

There is a new one every day. 2 of my ads got flagged for removal.

If she was married and her husband passed away then the home gets a stepped up basis to the value on his death. 

I am always considering refinancing to more reasonable rates, such as 4.3-4.5 (my rate is quite a few basis points more). 

If I refinanced my rate would go down 50 basis points and I would get rid of the MIP payments.

Everyday I’m learning something new.

I recommend asking the landlord if he could visit the property and consider some improvements and then working with him to come up with a schedule and process for getting the work done, possibly on a room-by-room basis. 

Fix and Refi etcEveryone is so quick to blow this deal off and say its too much at 12.5 Gross but there is always more details to factor in.What are you putting down 5%, if you make just a little you are way ahead on a ROI basis. 

My only concern would not being able to cover the costs - rentals would have to be down 50% on an annual basis in order to make this an issue for me.It’s worth noting that even when the recession hit, and home values dipped - rental per night charges didn’t dip at the same ratio.