In your shoes I would not be apposed to moving into the 3 bed side get it how you want over 2-3-as much as  6 months.

On the other hand, rental income properties can provide steady, long-term income streams with room for appreciation.In your shoes, I'd start by evaluating my goals as an investor.

If you have enough income from these deals, using an s-corp would allow you to distribute some of the profits as salary (subject to SET) and some as distributions (not subject to SET).But bottom line is fix and flipping is a business and you're taxed just like a shoe store or other business.

Would love to hear your thoughts or strategies if you were in my shoes. 

Spray a few shots to your shoes/pant legs before going in.

Upon an event of my default on the $90k note, the note & deed of trust would automatically vest in my friend, and he would step into the shoes of the lender to my borrower with the $100k obligation and property - friend is ultra secure and is basically getting 90 / 125 LTV based on not the market value, but the purchase price of borrower.

I am on a shoe string budgetI live in Beebe Arkansas 72012Orson Arthur.

., a shoe store, or a business that flips real estate).UDFIOn the other hand, unrelated debt financing tax only applies to an IRA that incorporates debt financing for investing in real estate.

If I was in your shoes I would see if you can structure as purely debt from the investor with a mortgage backing.

Not because of major repairs and renovations or anything, but because I don't wear my shoes in the house, don't allow food or drinks other than water on carpeted areas, etc.