Example:  My option has a sales price, a monthly option fee credit, a 3-5 year timeline, and add the last year a Owner Finance option to convert to a refinancable note for to complete the acquisition.  

Determining exactly how beneficial is based on a multitude of factors, but a cost segregation study cost/benefit analysis on your property is typically free and can help you decide whether the benefits offset the cost of the study.If a Cost Segregation Study had not been performed on this $560,000 single family home located in Phoenix, Arizona, it would have had first year depreciation of approximately $20,400.

Here's a summary of my situation as an example: The unit I currently live in would rent for $2200My second unit is currently rented for $2700I rent my garages out for $350For the next duplex I would live in one unit & rent the other for $2200 I currently get paid $80k a year or $6667 per month.75% (2200+2700+2200) + 350 + 6667 = $12342 per month in incomeMy current mortgage is 2950, my next would be 3300, and my student loan is 250 = $6500 total debt.6500/12342 = 52.7% DTI

REIAs are typically in the evening so treat this as a business meeting that you cannot miss. 

So, for example, if you’ve managed to secure possession of a self directed IRA or Solo 401k, with a large amount of capital in it (through Roth gains perhaps), you can purchase your real property, notes etc. through a series LLC owned by the retirement account.  

Tax considerations involve a lot of personal, specific considerations so you are on the right track going for a CPA (make sure they are familiar with income properties and short term rentals).STR is a business and involves "active" income versus "passive" income associated with typical long term rentals.A few general things:1.

Travel costs will vary, but flights from NYC to Florida are typically affordable.

I don't typically look at anything smaller than a 4unit due to the challenges with cost vs rent ratios.  4 and above do better for us.  

Although I plan on having a title company run a title search and run and O&E report on any property I plan to bid on, I've still spent a lot of time understanding the typical foreclosure property due diligence- looking up the owner and property details on the PA site, looking up the various public records, liens, etc. and trying to understand the chain of title as much as possible.

Cap rates are essentially a reflection of people's expectations, and are typically on a leash by market rates.