The house has a driveway that can accommodate two cars.

The ratio of mail that wants my money, my possessions, my vote - compared to the mail that wants my time, my attention, my presence - tells me society has only two expectations for me: spend money or get out of the way.

It is often used as a backup plan for 1031 exchanges that end up failing due to not being able to meet one of the two deadlines.

The sales price minus the cost basis is your capital gains (depreciation recapture is another calculation, but based off of these two numbers).  

Hey @Joseph Smith, Ive replied to similar posts a few times int he past and am a current investor with two of your three mentioned (although I didnt invest with the third, I do have some experiences with them as well).A couple others have pointed out some differences, I appreciate those insights but would also look at the structure and reporting.

It would be two separate “transactions” but a great way to leverage value in the home to help renovate it and make it better. 

I have a good friend in Sparks.MichaelYes, I have two rentals in Northwest Reno and live in Sparks.

That seems optimistic for a two story building.

Two suggestions:1. attend some of the meetups in the area.

Never stop looking at deals, I made lowball offers on two other homes off market before I got this one accepted.