ALSO WHERE WOULD BE THE BEST PLACE AND THE EASYEST PLACE TO GET FUNDS FOR MY PROJECT.

I need to get this project done so that it can start producing some income and appreciate the help!

Since the townhome was move in ready, my fiancé and I have spent the last 7 months doing smaller rehab projects (staining decks, popcorn ceiling removal, kitchen backsplash, new paint and bathroom renovation).

I've had bids from $7k to $38k for the same project.

Second and third deals contracts signed and pending -- So excited - but wait... they want full executive summary and business plans with 3 year projections...

There are ways around this for sure, but will require a lot of trust on behalf of your partner since he will be putting money into a project that he is not on title for.

Are there any special tax issues given that the IRA and the partner are doing this project.

It is not uncommon to see vacancy and maintenance omitted from their projections or are far understated.

For instance, let's say your project would cash flow $300 per month as a rental- over 5 years, that would be $18000.

In fact, to get yourself this first twenty you will need to do it where you are.I like to be near to any project I'm doing.