Here's the link to that https://dor.sd.gov/Taxes/Business_Taxes/Publications/PDFs/CETGuide.pdfAs far as analyzing your deal, it's a no-go for me. 50k purchase and 20k rehab (pretty low estimate, and you have to build in a rehab contingency percentage for things going wrong) only leaves 30k for all of those costs, and with a 100k property you're looking at potentially 5-6k for the realtors alone.

You’re looking for diversity; people will leave when they lose their jobs if the entire economy in an area is centered around one or two industries.Small businesses and any kind of services will either move away or fail if the biggest employers are not hiring.

I'm glad I did what I did because it has put me in a position of building my business as a Realtor with my service business to pay the bills in the transition and beginning my investing later this year having watched the market for 8+ years and at least kept my net worth positive with my house appreciation, if not as large a number as it could have been.     

@Mike Charles if you are looking for someone to just do your taxes and give advice on just that then I suggest Dillon Tax Service.

The best advice I can give you on general contractors is to look at some homes that were rehabbed in the areas you are interested in, and look at public record to see which contractors pulled the permits.

I’m not looking to receive a paycheck just looking to exchange my service/ time for your knowledge.

I’d prefer to have someone having access to that area to allow service workers to come if need be also if there’s a problem ( fire ,water ,smoke,leak ,flooding ) I want someone there to warn me .

Make sure it explicitly explains the process for termination if you are unhappy with their services, but especially if they violate the terms of your agreement.3.

., IRA Services Trust Company or Pensco Trust) that will allow for alternative investments, the IRA rules do allow for investing in syndication.

@Patrick M. how do you deal with service animals?