They don't account for the time spent on the property which dramatically reduces the actual return.

I do have the 20% down payment in account that's not my emergency fund.

IE most folks renting <$900 do not have bank accounts.   

Originally posted by Account Closed:That's really stunning.

Does anyone have a legally reviewed/approved non-recourse Promissory Note they could share that was used for a self-directed IRA account transaction in which the IRA acct. was the Note issuer?

My debt is under control and I have a savings account just for investments.

@Christopher Phillips and @John Leavelle: what should I be accounting for in repairs and capex?

So far, the accounting firm had been filing 1120 form, but I was wondering if we can file in the form 1120-H ourselves without involving an accounting firm.

With HML will I need to liquidate and have money in my business account or will they accepted the LOC and cash?

I have seen a lot of flippers in my area lose money, or not make much,  because they inflated the ARV and/or didn't account for market changes over time.