You can property manage in an administrative fashion or the IRA can hire a property manager.The refinancing loan must be non-recourse, meaning no personal guarantee from you. 

@Joshua DaviesA lot of wealthy foreign individuals become shareholders in a Corporation who ultimately invests in the partnership fund.example.Joshua Davies, LLC has 2 memebrs in his LLC; Joshua Davies and International Corp, IncThe shareholders in International Corp, Inc. are International Investor 1 and International Investor 2.When money is distributed by the Corporation to the investor - it is no longer rental income; it is dividend income.The Partnership is now not required to withhold or file form 1042 since the member is not a foreign partner.The international investors avoid having to file a US tax return because they are receiving dividend income instead of "rental income"There are some pros/cons associated with this approach.Possibly more administrative costs(registering of corp), filing of corporate tax return etc.however, many foreign investors like this approach.

I am excited to use this 506c to bring more awareness to our company and grow our database of investors.

.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.

Yes, area does matter, since "the MLS" is really a bunch of different local databases.

:shoot: Many of my investor friends have told me that their credit lines have been cut, interest rates boosted, and I've heard plenty of other stories from people with good to great credit of credit woes thanks to (Pick one or all: the economy, greedy banks, Congress & the Obama Administration, Bush, Fill in the blank ________).Have You Had Your Credit Affected thanks to the Downturn?

The economic value of a machine used in production can be easily idetifed based on it's capacity of output, operating expense and it's salvage value, all data based on large sample sizes and shown to be reliable over time.

Banks, insurance companies and appraisers all buy access to databases from a firm who aggregates the census data with other data to get a pretty good picture of the rental percentage in an area.

Administration, advertising, repairs, etc. can all be manilulated so making educated estimates is necessary for some OE.

(We are licensed general and electrical contractors, draw our own architectural designs and renderings, draw site plans, manage projects, we are licensed brokers, and have real on the job experience, plus administrative experience, and 30 years experience, plus much more, etc.)