I'm also looking at appliances right now for two houses I'll be putting on the market soon and I was planning on going with a side-by-side fridge for both houses, they're both what I'd call middle of the market houses for my market (listing for probably $260k and $170k respectively) but then I wonder if I should spend more and get french door fridges, which also seem to be the hot item these days, but cost considerably more than a comparably sized side-by-side fridge.So, with all of these questions, I wonder if I should just list them without appliances and offer a credit towards new appliances for the amount I would've spent on them, so buyers could pick out exactly what they wanted.

Since the Navy is well established throughout that area, my idea is that you would have tenants that would pay on time.Texas and Georgia are possibilities only because that's what I've heard other investors talk about, but I wonder if those markets haven't blown up a bit.

The reality is you need a LMO, another reality is that you probably will not find one to approve a Lonnie deal, they already have issues with the valuation of cans on wheels to establish the loan to value to predict amounts of equity and ability to pay them off.

Sounds like if you are an established broker in your area, it just gets easier and easier as the years go on.

BTW, I don't have these issues with bi-lingual types, that I can respect

There are several well-established, regulated, reputable, knowledgable and highly rated Self-Directed IRA/Solo(k) custodians out there.

I respect and appreciate the time you took to do so.My concern is this: What happens if the parties can not agree on the terms on the purchase inasmuch as they have not been detailed in the lease option agreement, which is usually the case.

Not with respect to depreciating it over 27.5 years, but meaning, it wouldn't be considered for calculating cash flow.Depreciation, capex and adding back principal pay down would be considered after cash flow, only for calculating taxable net income...I think.Bottom line, unless you think you'll actually have out of pocket costs at $1,800 per year (20% of rent), on average, for repairs of all types (IRS "repairs" and capex) then you might consider lowering the total of repairs/capex to something below 20%.

Cost is used within 12 months of ownership placing an asset in service, after 12 months you establish the market value of the asset converted to a business purpose.

@Angelique A.Hi Angelique,I have done numerous JV deals in the past where investors would purchase the property and pay for rehab and we would split all of the profits once the property was sold.The were the money partner and all other work was done by me.I did have long term established relationships with these investors tho.Thanks