I thought maybe I could solve this problem later and just pay the minimal taxes on it until then.Turns out, that BP commenter put me in touch with a specialist that has been helping take properties out of flood zones for 20 years (win #1), the commenter himself is a developer with experience and a heavy desire to find good land in FL to develop (win #2), and come to find out this commenter has plans in the works to start an equity fund specifically for delivering affordable housing (win #3)!

For you investors that have ordinary income to write off let me tell you the greatest secret to minimizing tax liability, Cost Segregation.When coupled with zero down seller financed purchases the numbers get crazy.These numbers below are one of two parks I bought zero down with seller financing last year.This one park one year is a $140,834 write-off equal to $40,842 in tax savings and the second park is $14,000.I am projected to save almost $60,000 on two community purchases that I don't have any of my money invested into, they were true 0% down parks.Don't kid yourself, real estate is the best investment opportunity that exists.

Would like to know step by step how the process works.

Try reaching out to your local building department and ask them if there is a process or procedure for this. 

Hello all, I am reading on the real estate investing process and i plan to buy my first property with an FHA loan, however, as i am no one with any experience on rehabbing i have this concern of pricing. 

Basically, my Investor would fund a specific loan not be part of a pool of funds.One thought is I would maintain my same process and loan docs that I've used with my Borrowers where my LLC would be the Primary Lender, manage the loan and receive payments from the Borrower.

If you have the right people to help you in the process and that will offer you transparent and honest communication, along with all the pros and cons associated with the marketplace, then it can be great.

Obviously I've rounded the edges of the process and simplified it a fair amount, but you get the gist.

At the onset of the process, I did Internet research on the area and company.

My state DOES require all property managers to be licensed and that process is not easy to achieve.However, you may not need to be a true “property manager”.