What is the difference between ordinary income and capital gains?

But it just so happens there is an EA here: me :)Your best bet is long term capital gains.

Don't buy something that will require so much capital before renting.

They should have a current and future land use map that spells out exactly what your land can be used for in the future.A developer isn't going to sit on land for 5 years and have capital tied up.

That is regardless of the investment being made or capital being deployed.

If you really can get a loan for $70 million, and you need $30 million of your own plus operating capital, bring in, say, six investors with $5 million each.

I suggest you start out with a 50/50 work/capital structure. 50% goes to whoever does everything, and 50% goes to whoever puts up the money.

With the state capital there, and a university, and lower taxes, you can't ask for much more in a low cost rental property.

If you're only playing with $18,000 and you're all in on this deal, take the check and put the capital back to work on another deal.

Without a formal inspection, it would be difficult to know how much capital improvements are required to get renters in ASAP.Even if the $500 number for the rent above is correct, but there are $50,000 in capital improvements needed to make it habitable, there are many investors that will quickly walk away.Just a couple thoughts.