I converted a simple IRA from a previous emoyer to a self directed ROTH IRA with checkbook control.I had to pay the tax due upon the conversion.

Does anyone have any advice/comments on purchasing single family homes that were converted into multi family apartments? What are the major advantages and disadvantages? I am looking at the Omaha area market.

This usually open the door to more conversation.

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Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Whether your are a flipper or a BRRRR investor higher interest rates will in a stable market (not including places like Seattle and Denver in this conversation) lead to declining sale/appraisal prices and allow you to cash out at a lower % to ARV in order to meet your cashflow needs. 

I still plan to contact a lawyer but I wanted to gain this information before walking Into the conversation blind.

It allows for better conversation since many times comments spawn additional information that adds depth to the thread, which also bumps it as far as activity goes.

Linda hi,I know this is not relevant to the conversation, even though as frequent conferences attendee agree on many points shared above.I am an investor from down under, and professional tax agent her = to CPA in USA first time tax lodger,  no Income in 2016 FY.Can you advise what form do I use to lodge Nil return?

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.