I wrote down the address went home and pulled up the city tax assessors website to do a property search.

From a tax strategy stand point, is it best I charge myself commission or not?  

That is not reflected in the lawsuits related to this issue.You make no mention of the escrow costs or tax implications or transfer taxes or scrutiny that is involved with a deed back.

I was told that after 24 months they can allow it.

This deal is based off a real tax deed auction property in FL:1912 Sq ft 3/2 SFH in Bay County- ARV: $415,101- Estimated Monthly Rent $2,984- based off 6 comps within a 1 Mi radius.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.

Your actual return is 5% after paying the interest on the line of credit.

All it takes is one inspector to be perticular about the measurement, and it could cost you your entire basement, or add the cost of trying to lower the slab After you completed your remodel, which means a lot of rework...One additional bit of information related to the City of Chicago Building code which I hope will help someone in a tight situation down the road.

All expenses for that rental unit are now write offs when you file your taxes.

I was living in Troy from 2017-2022 after initial plans to live in A2.

Quote from @Jacob Sherman: Would have to call and order an official payoff from the lender  After detective work I now found who has the loan/lien on my house.ReadyCap Lending.