And I am probably on the lower end on both of those numbers from most big time flippers.Ways to make this work:-drop your offer by $5k or tell them you will pay $82k if they carry finanincing for the project with an interest only loan at 10% (will net save you $4,000)-get at least 2 more quotes on your rehab (may save may not)-if this is an mls property, ask the agent you are using to buy if they would be willing to list the property for 2% because they will make 3% at the sale and more on the back end (will save you $1,300)This will move your profit up to roughly $13k which is a little bit better but still cutting it close.

My current home owner insurance did not do jackshit when my roof broke down due to hail (which is covered under their policy). 

We recently had a FLIP project that had significant damage , and had to be torn down in Elk River, MN.

What are the tax consequences for investing in syndication project with a self directed IRA?

Everyone seems to recommend separate bank accounts for the business (as landlord, collecting rent, paying expenses, repairs, etc) and personal.My question is, since I live in the small unit (maybe 40% of the sq footage of the building) and rent out the other 60%, it's unclear which account I should use for the roof replacement that is going on right now. 

"Owner agrees to limit the liability of ------------- and its employees and agents to the Owner and to contractors and subcontractors on the project, for claims in contract, tort or warranty to the sum of the amount paid for services or $ 20,000.00 which ever is higher.

Finish quality, Large system replacement (eg. roof or electrical) can all muddy the numbers. 

By limiting returns on new projects, builders will look elsewhere to make their profits.Just take a look at this chart below showing what happened to the construction of new rental units in Ontario after 1975 when rent control was implemented:The same thing would happen here in Sacramento (and the rest of California).

If you ever need any help on a project feel free to message me.

Ideally would want to do a walk through this week or early next with a start from 7/16.We will be doing more flips this year so looking to start building a stable team of experts and this is an easy project to start with.If interested or if you have recommendation, please let me know!