This year is the first year I will qualify as a real estate professional and be able to take some aggressive deductions through things like cost segregation studies.

Purchase price: $120,000 Cash invested: $40,000 Sale price: $215,000 Probate deal.Beautiful 4bd, 4ba acquired from a family looking to sell the home after receiving through an estate.

Our current portfolio looks like this:LTR that is worth 150k with 65k of debt left on it at 3.65% on a 20 year loan - PITI = $785 per month - long term tenants paying $1650 per monthLTR that is valued at 110k with 45k of debt left on a 4%, 20 year loan - PITI = $583 per month - long term tenants paying $1550 per monthSTR that is valued at $275k with 155k of debt left on a 3.5%, 30 year loan - PITI = 1080 per month - brings in over 35k per year gross for the last three years.Would you do a cash out refinance on one of the properties to pull out some of the equity to pay off the $48k HELOC or would you sell one of the LTR properties to pay off the HELOC?

Someone must have the authority to sign on behalf of the inherited IRA.  

@Eli Kantor The complex I still follow having invested and owner occupied is over 30 years old and has 340 units.

I don't know what area you are in, but generally just take them to Small Claims Court.

 Hey Justin,I wont be able to make it today, but lets schedule a time to grab coffee.I believe we met at a Meetup at The Guesthouse a few months backShoot me a DMahhh dude you're totally right!

It's quite easy to setup.

Mine was back when I was 18 years old.

First, what are you trying to learn about flipping?