Thanks for the response everyone, for closing costs I was able to get the seller to pay most of mine with the leftovers being rolled into cash at close.

@Lane Register @Russell Holmes I apologize for the late response. 

Cogo Capital - reviews i read were negative2. http://www.realestateprivatebank.com - did not find any info but the Q&A section on the site answered many of my questionsHas anyone heard of these resources or can recommend any, I would greatly appreciate any and all response, thanks!

responsibilities for day to day running, in all relevant areas of activitytactical decision making (day to day)strategic decision making (longer term policies)what things can only happen if both parties agreewhat will happen if you can't reach agreement on some major issue - ie deadlockWhat happens if either party 'wants out'?

I live in the greater Tampa Bay Area, which appears to be a hot market overall and no signs of slowing down.

I like that idea of my "slow season" not being so slow.

Whatever your "end" is, that's what you keep in mind, start there and work backwards.If it's a forever home, or lot at least, your way forward is probably different than if you're planning to slow flip it.

So we are actually in need of 2 leases, i want one for the SFR that covers specific items like the tenants responsibility to maintain the landscaping, and one for the Townhome that covers things like "abide by the HOA rules or you are violating the lease". these are relatively minor differences but very important. so my question is........should i look to buy the package from BP and go to a lawyer to tweak that lease?

The tax is not your responsibility, but knowledgeable IRA investors will want to see the relevant numbers reflected on their K-1s. 401k investors do not present this issue, as real estate acquisition indebtedness does not result in UDFI to Qualified Plans.

Plus...escape velocity...Episode 113 – Jay Papasan - Very practical slow and steady adviceEpisode 221 - Tim Shiner - his concept of equity build up and "shearing the sheep" shows some of the flexibility of real estate vs a 401k Last but not least, I also recommend all the tax advice given by my fellow CPAs on the BP Podcast.