Great point Will, by creating self directed 401k and doing proper preparation you setting your self up for success financially in the long run.

Originally posted by Eric Dubrule: @Brian Ortins there is information on mass.gov, but I can't seem to find the specific information I'm looking for relative to how to deduct the credit from expense deductions properly.

I've never really dealt with this scenario first-hand (and I don't ever plan to), but I do talk with a lot of tax delinquent sellers who have back due HOA fees - and just for the sake of expanding my knowledge of how this relationship works, I'm trying to fully understand any/all consequences that come when a property owner violates HOA rules like this.

Ive got solid contacts in the Dallas area, and have bought a few rentals there but Im kicking the tires on expanding my businessThanks!

Your best bet might be to see the house and make the offer there, so you can negotiate properly (without highlighting TOO much the deficiencies of the property) with the owner.

If you do the items in the proper order, and you get fed up with being a GC you can always farm out the rest to a GC.

There may be a way to track real estate properly on this program, but it sure isn't intuitive.

To some extent, your interaction with the borrower to this point could be more of a risk and liability as you may be perceived as working with a borrower on modification terms or negotiating with the mortgagee and borrower without a proper license.

If I do not properly vet buyers for a seller I could lose the confidence of the relationship and the seller moving forward.

The issue is not enough water gathers in the tank for a proper flush.