Normally I wouldn't be too concerned, but there will be 31 similar units, so the effect of the decision is multiplied.  

If that were the case then nobody would use leverage.When an IRA engages in a debt-financed investment the portion of income that is derived from the borrowed funds is considered taxable - so 65% of gross rental income in my example.However, you have a $1,000 exemption off the top, and then get to apply the same ratio - in this case 65% - of all the normal deductions like interest on the note, depreciation, property taxes, etc. to reduce the amount of income that is taxable.The net taxable income will then generally be a pretty low number. 

If it is like normal income taxes then you pay for the transaction in the state the business was done, but if the tax would have been higher in MA then you need to pay them the difference.

With seller financing you get more of pie but you need to have solid exit strategy either refinance or sale

If you answer with a whimsical pie in the sky number, that means the appraisal will come in low and the points will go up.

I will say I've learned a LOT about the industry that I didn't expect having already been an investor and purchased a couple houses personally.You can do it part time (make no mistake, it is WORK), that's exactly the reason I joined the brokerage that I did - allows me to train, get support, and work outside of normal work hours. 

The problem is the National Association or Realtors are pushing the issue as they are "losing" money to wholesalers when they normally don't go after the same types of properties.

Yes ma’am I use the bandit signs and etc the normal marketing a wholesaler does I have closed many deals praise the most high....

And conservative people normal do 10% maintenance, 10% cap.

My capex budget includes but not limited to: roof 25 year life span, floors normally 10 years but tile will be 20 or 25 years, appliances and hot water heater 12 years, hvac 20 years, bath and kitchen remodel 20 years, etc.