That $25K "special allowance" phases out if your income rises, though, $1 for every $2 of AGI over $100K.  

This will help in them having to go through the construction phase of your rehab.Best 

I am now entering my due diligence phase, I will be calling inspectors and getting an inspection in the next ten days. 

During the phase of pure capital accumulation to the point where there is at least $25-30K which makes lending, crowdfunding, tax liens and other options available, a plain-old brokerage IRA with low cost indexed funds is probably the best way to go.

I have been starting to see the signs of a phase or stage 1moving to a stage 2 selling market in California according to the parameters identified in David Lindahl's emerging markets book too.Swanny

Once a market is in an expansionary phase, you should build as quickly as possible.

Any tips or advice is always welcomed on all phases.

My current marginal tax rate is 33%.I've heard about the dreaded double taxation issue of C-corp and understand it but love the lower tax brackets for the first 75k of profit (ie. 15 and 25%) particularly in the early phases of growth of the LLC.Here's my goal.

Everyone kinda goes through this phase, so to speak.

In between, the $25K number phases out.