Full rehab and then plan to lease What was the outcome?

@Daniel Grimsley sounds like you have a Class C tenant.They are probably planning on saving the rent they owe you to use to move and pay first month's rent + security deposit on a new home.Why didn't you start the eviction process when they didn't pay May rent?

He told be that he had “already” purchased a $92,000 company car and spent $4,500 setting up a company defined benefit pension plan. 2.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provides support for the property tax appeals process.

The plan here is to have a local (RV Certified) tiny home builder do the marketing to attract buyers that want to buy their tiny homes (cash or 25 year financing) and live in this park, until there are 44 pads occupied by tenant-owned tiny homes, paying $750/mo lot rent, on 1 year leases.

Make sure you are in a state that doesn't have licensing requirements for private lenders and make sure you work through a title and escrow agent so that your money is insured with a lender's title insurance policy and ABSOLUTELY make sure your LLC is listed as a loss payee on the property hazard insurance.

If we were seeking a more standard client, we would not plan to paint.

Also the plan is to use retirement funds from my 401K even after which, I should have enough left for retirement.

For example, we can do as low as 15% down on multifamily bridge loans.If you plan to refinance you will likely need to keep at least 20% equity in the property if not more, though if you're creating value through a rehab, you may be able to pull out all of your initial down payment and more.

My initial plan is to flip houses in Northern Virginia.