If you could perform the BRRR strategy, factoring in ALL EXPENSES.  

Owner financing doesn't make this a deal, it just sets you up for foreclosure when you can't refi, based on the Real performance of the properties, 2-3 years down the line.

I have one right now here in Oregon we actually had to sue for performance we gave a huge deposit which the lady kept and spent and then she would not sign the deed I have had 6 figures sitting in escrow ready to close since last May..

At the end of the day I bet your tenants get evicted and your place gets trashed.

Perhaps you might cull the worst performers from your portfolio and replace them with better performing properties.Just some ideas.

A natural person, a corporation through its officers, a partnership through its partners or a limited liability company through its members or managers that deals in selling, exchanging, purchasing, renting, leasing, managing or pledging the person's or entity's own property, including cemetery property and membership camping contracts, and that does not receive special compensation for a sales transaction or does not receive special compensation or other consideration including property management fees or consulting fees for any property management services performed, if the majority of an officer's, partner's, member's or manager's activities do not involve the acts of a real estate broker, cemetery broker or membership camping broker as defined in section 32-2101.Turns out my colleague got bad information from a local lawyer.

Your best bet is to figure out how to pay those taxes.

 Steven, it has a low ROI because you have full equity in it, i wouldn't sell it. the property cash flows more than an average SFH ( average is about $400, some even get less or more). the ROI will change once you pull the money from it with a HELOC or loan. lets say you pull out 75,000 @ 4% HELOC ( usually they are based on 20 years ) your payments will be about $450 / month, you would still cash flow $200, the property is still yours, you now only have 35,000 equity in the house, your ROI will change based on the drop in equity you have in the house, and maybe the house will still appreciate ( which i never bet on) but know you can buy more property that will cash flow. from what i am guessing there are probably houses that go for 75,000 where you are buying, down payment would be 15,000, you could buy 5 houses with that 75,000 of equity you pulled out. just something to think about.

Probably not even financeable if its Home Path, property is in beat up shape I bet. $3500 is a new bathroom if your paying in cash.

., for a rental property, do not live or vacation in the property).Do not perform repairs on real-estate property owned by the checkbook IRA as you are a disqualified party.Do not deposit personal funds into the checkbook IRA bank account.Court cases that support the Checkbook IRA arrangement Swanson v.