You might have an easier time buying a parcel and subdividing it into residential and commercial lots, then proposing the commercial use variance just for the commercial lot.Doing all of this research on your client's behalf is mighty generous and very time consuming for you.

Problem here the tenant didn’t declare cats as pets.She ruined the unit in one full year and it took more than $11,000 to replace full floors in two level townhouse plus other water leaks damage.tenant left without telling.Now I am asking property management must visit quarterly to catch damages early on.Ozone machines did not help much.thanks

I also seeing people selling boarding houses in Cleveland from time to time where they're renting out for $2500-$3000 so I think it's definitely a viable model, but like people are saying, you really need a strong property manager to make it all work.Feel free to reach out to me if you want to talk more about management services for something like this. 

Full disclosure: I am a student of his program.

I would take some time to do some research around markets that are investor-friendly and reach out to agents, investors, and property managers to pick their brains and evaluate.  

Also those improvements you did may only be able to be depreciated over time instead of all during this year depending on how much each one was and what they were.As for the cash portion, keep it in savings for now, I always use 50% as a good conservative estimate when not knowing many factors about someone.

You have more time than money (probably) so use that time to do this work and fix up the room to look very nice.

I would not have any time left for anything else even if I wanted to answer my phone.Don't forget that most of the time, it's not the CPA who is actually answering the phone but his staff.

They're not giving you 20% discount and selling the one next door at full price. 

I'm particularly passionate about fix and flip and section 8 in Baltimore, Tulsa, San Antonio, and Houston.Outside of real estate, I enjoy triathlons, martial arts, fatherhood, and time with family and friends.Excited to learn and connect with you all!