Then as soon as the letter of the law has been satisfied, you can buy your second soon-to-be rental property, again with an non-investor friendly mortgage and start living in it for a year while renting out your previous home.  

Many investors are looking for passive income, others would like to supplement a salary from a job or business they’re quite satisfied with; still others want an inflation hedge.So I ask, what goal(s) are you wanting to accomplish by utilizing real estate investing?

I'm sorry you are not satisfied with the condition of the rental.

As a third elective to satisfy one of the three prerequisites in order to sit for the exam I would recommend real estate law or real estate finance.Good luck..

PML (a "private" party - your uncle, mom, grandma, friend) terms can be WHATEVER you negotiate - whatever makes each party satisfied, interest amortized, simple, split, no split, whatever gets the deal done.

The sellers of the house in question refinanced the property back in 2001 at which time mortgage company (B) paid/satisfied the mortgage that mortgage company (A) held.

Deposits in all states are cash or it's equivalent paid to ensure contract performance, never has a copy of a check been considered a deposit, a copy of a check may provide evidence in a file that a check or draft was made as a deposit, it may satisfy administrative requirements for a file, but that is not a deposit until good funds or other assets accepted are credited to an escrow account (in real estate) or to a seller's account, if not escrowed).

On top of the Vetting process, you have SEC Registration requirements and procedures that need to be followed and an Accounting and Control System would have to be formed just to be able to satisfying reporting requirements.The concept of Team Work is dead on...just the suggested platform/method is simply dead :)/**Your Network = Your Net Worth**

I'm considering purchasing in the Asheville, NC area, and would purchase something that not only satisfies me for my visits, but also is universally attractive for vacation tenants, meaning an attractive setting, reasonably close to downtown, and modern amenities.  

., former employer 401k) to a solo 401k are not reported on Form 5498, but rather on Form 5500-EZ, but only if the air market value of the solo 401k exceeds $250K as of the end of the plan year (generally 12/31);When funds are rolled over or transferred from an IRA or 401k to a self-directed IRA, the amount deposited into the self-directed IRA is reported on Form 5498 by the receiving self-directed IRA custodian, generally by May of the year following the rollover/transfer.Rollovers (provided the 60 day rollover window is satisfied) from an IRA to a Solo 401k or self-directed IRA are reported on lines 15a and 15b of Form 1040;Pre-tax IRA contributions on reported on line 32 of Form 1040;Pre-tax solo 401k contributions are reported on line 28 of Form 1040;Roth solo 401k funds are subject to RMDs;A Roth 401k may be transferred to a Roth IRA--from a planning perspective, it may be advantageous to transfer Roth Solo 401k funds to a Roth IRA before turning age 70 ½ in order to escape the Roth 401k RMD requirement;Roth IRA funds are not subject to requirement minimum distributions (RMDs);The fair market value (FMV) of assets held in a self-directed IRA is reported on form 5498;The fair market value of assets held in a solo 401k are reported on Form 5500-EZ;At termination, the solo 401k is required to file a final Form 5500-EZ and 1099-R; andAt termination, the self-directed IRA is only required to file a form 1099-R.