The financed portion of the gain would be subject to what is called the Unrelated Business Income Tax or UBIT.Unrelated Business Income Tax (UBIT)In most cases, people hold investment properties in their IRA for the income stream, not for flipping, so the UBIT is not typically a factor.

Obviously, people will always need a place to stay, but they might not necessarily need luxury vacations when times are hard.Still, all things considered and all other factors remaining the same....

If so, is that factored in to your numbers?  

I'm not sure what the management and maintenance fees you have factored in are.

Farm sinks have been around forever and are standard in high end homes.

@Patrick Connell I think it's a combination of several factors leading me to the conclusion I either 1.

I see lots of land overpriced relative to the costs and risks of development.I don't quite understand who wins with the over-priced land that sits forever on the mls.

It's a factor that plays into my decision making but it's probably fifth on my list.

Some common desirable factors might be:* Proximity to a great school* Beautiful ocean views* Beautiful mountain viewsIn fact the investors' choice of Sokcho to invest is in large part driven by what they see as Sokcho’s inherent desirability as a location (ex: proximity to Mt.

As for solving the confusion factor some mentioned earlier in the thread, I open what my bank refers to as a zero balance checking account.