This value is independent of the price that you paid for the property (assessed value is usually lower). 

Independent appraiser to be selected by [your bank/financing source] in its independent judgment, and both parties agree to be bound by the value stated in the appraisal." 

For me, the short version is that I want financial independence with the ability to work only as many hours as I want and from anywhere I want, and I want the financial ability to help others with my time or finances.

I've done some reading and research, but I've worked so independently in the past that I'm having a hard time grasping the concept of using someone else's money for the down payment, getting a loan from a bank and having the house be in my (llc) name. 

Hello BP family,I am a long time lurker and first time poster. My interest in RE investing has largely been theoretical, but I am currently in the process of plotting my first investment(s). A little about meI am an A...

I want to flow money into my IRA, but want to flow money into my pocket so I can gain financial independence here and now.The JV is working on a 50/50 split on construction lending.What is the best bet for the future 3 way partnership with my SD IRA (if any)?

Go to the max without triggering an IRS audit for starters.When working with the other tenant, I would also state , " the owner is a pretty cool , but i need to watch every dollar keep the property looking great.".Or  " The owner is a pretty tight with money but wants to keep the property looking great and well maintained".Both those statements take a lot of stress off of you and put on the owner!!!!

It increases complexity of bookkeeping and is much more challenging to defend in an IRS audit, but it is legally possible.In your specific situation, it appears quite likely that your property might be treated as non-dealer and use the capital gain treatment.

Hey all. This year i got a dreaded letter from the irs asking to provide more information on my rental property. In own a 2 family with 3 rooms each. I live in one of the two apartments in 1 of the 3 units. The other ...

Our goal is to be financially independent in 10-15 years & solely work on our properties.