We look forward to hearing your progress.

Subtract the percentage of land as assessed by your county from the amount you bought your house and that is the depreciable basis.

Im very interested to see how your hunt goes in CA, and look forward to the progress!

", that prevents me from making any type of assessment here.  

The house were wanting to buy is a major fixer upper deal and is going to be completely as-is, And is extremely cheap (less than the assessment value on just the land) we may even just buy it with cash and finance it later to get the cash out.

I was wondering if anyone had a excel spreadsheet that they use to assess the value of their properties that I could copy for myself.

I have yet to ever buy an investment property and i have plans to "house hack" but from what i read this house already has tenants(said to be totaling $2060 in rent) so i am not sure if that would work because i would need one of the units to free up. let me know what you guys think and if you can give me any tips on trying to assess this house.

As I'm progressing toward my goal of building enough passive income through buying and holding small multi-family properties in the Duluth, MN area to replace my income, I came to the realization that this is actually a possible goal.

I want a progress update proactively from you upon completion of certain tasks (with pictures), not for me to constantly follow up on the items making sure they're doing their job.

@Derek BennetsenSee the following for rules regarding UBIT and UDFI.https://www.irs.gov/charities-non-profits/unrelated-business-income-taxhttps://www.irs.gov/irm/part7/irm_07-027-008.htmlUnrelated business Income TaxThe Unrelated Business Income Tax (UBIT) is assessed when a tax-exempt entity, such as an IRA or solo 401k plan, engages in a business activity that is not related to its general purpose.