I’m having a hard time reconciling your title and what you’re actually saying in your post.

Hi Steve,I’m a new new real estate investor interested in PA.

I'm curious to dive deeper into the Santa Fe market and would love to learn from those with local experience. I've primarily worked with single-family residential properties in Albuquerque. I’m newer to Santa Fe thoug...

This is a good baseline though of real costs that will get a project done. 

We love investing into properties that we can hold long term and we have been fortunate enough to have great tenants through our intense vetting process that stay with us for long periods of time.

I went back to Memphis last year for the first time in six years to find all is as advertised with very minor exceptions.We have picture inspections done every four months, cost $75, because I'm a trust but verify guy.Good people, good service.   

Often times we don't know the exact transfer taxes because they can vary by state, county and even city. 

Long-Term Appreciation & Exit Strategy•Kissimmee and Orlando have seen steady appreciation, and with your plan for forced appreciation through renovations, your investment should grow over time.

I can tell you this academy is a real deal!

Also, it can avoid filing an amendment.Another great point on eligibility- SEP IRAs require net self-employment income from activities like 1099 contract work, real estate sales, wholesaling, or other self-employment business income.Passive income as you have highlighted, does not qualify.