Hey my rehab may have been a little more than I expected to bite off..BUT...after 2 months of following the strict letter of CT LL-tenant law, I had my first eviction hearing today, and my tenants are now on their FIN...

Since RE offers tax depreciation deductions on buy and holds, you lose such an advantage in a SDIRA as it is already a tax advantaged entity.

one of my biggst fears going into landlording is that i could encounter problems because of my age. im 18 although i really look a year or two younger. i am thinking that some tennants could be offended or resent the fact that someone significantly younger than them owns their house. im hoping that if i handle myself in an apropriate manner it wont be an issue but honestly i could easily see the problem coming up. so i guess im just looking to see what other people think about my situation

However there would probably also probably be times in there where lending standards would losen a bit to where you can more easily find 0-5% down financing (not in the next few years though).

If the second lienholder's information supports a high value, say in the $365,000 range, it won't easily accept much less than it is due..Perhaps the second lender thinks $335,000 is too great a deal for you.

Like I said, if the floor is sloped you can level it off pretty easily this way.

if your going with financing and a longer closing then you will have to show the bank your well qualified and pretty much play by their rules (their conditions, timeline, etc.) if they don't have any other offers or any cash offers (the bank i work with will take deep discounts for cash and fast closings (2 weeks or less)) you may make a higher offer but if the bank can get it off the books before the end of the month with a deep discounted cash offer then they will seriously look at it, even if they lose some money.

I'd like to wait till they lower the price but would like to not lose it.

And if that happens, does the mean the second have to bid at the auction or they lose everything?

It's tax time so I should be able to post them shortly.The costs of being a real estate agent are EASILY 2 good commissions on properties per year.I highly sugguest you think about the simple question we ask agents in my area that want to be part timers , or agents for that matter "Why would someone buy a house off you?"