Hey Kurt how's it going thanks for the reply I am visually impaired that is what i receive benefits from but it's not enough for the cost of living here so i will try anything that will help my problem

@Rick Alvi  now moving around changes things somewhat but I think one of the biggest over looked items especially west coast investors or good appreciating Chicago or north east areas.. is the 250 single 500k married tax free money you can make by owning a O Occ sfr... its the greatest tax treatment we have in the US in my mind.. 

I used to meditate every night, write in a grateful journal, plan my next day and visualize my future success.

This would not qualify for tax-deferred exchange treatment. 

Properties acquired with the intent to rehab/fix and then sell/flip to not qualify for 1031 Exchange treatment. 

I recently closed two deals where I paid the sellers a net amount and I paid all the back taxes and closing costs.My question is, can the property taxes as well as the closing costs be expense'd at year of closing to ...

Though I am a visual and hands on learner, I wanted some basic idea before jumping in.

Even if your relationship to the family member doesn't make you a disqualified person to their IRA, you may still run into trouble if there is any preferential treatment at all (i.e if they don't structure the loan identically to any other loan they would make, it still could result in a prohibited transaction.)

He obviously couldn't climb up on the roof, but he did the arms-length visual inspection and pointed out the repairs he recommended (one roof had architectural and was in decent shape but the other was just 3-tab and needed replaced.

Now, putting that all into one property blocks you in it until a "liquidity" event happens, aka, sell the property later.If you know builder friends who and/or you have skills to quickly visually estimate what $$ takes to put in a distressed property, you might find the following vehicle very lucrative: I know a Broker friend of mine in San Mateo, CA who is pooling investor $$ together to finance 90 day buy-fix-flip houses in the San Fran Bay Area.