Lol developers normally can tie up dirt based on reputation in the area.. and like I said substantial non refundable EM in the 6 figure range..

So I could use this new property as a better home base. 

He spent over 2 hours on a call sharing his vast amount knowledge based on his experiences, being a property manager and investor himself in the Indianapolis market for over 30 years.

@Edwin Saldivar  We have a no seasoning product for non-owner occupied property that would allow you to pull cash out based on the new value.

We worked to cultivate cash flowing houses as the base of our investment pyramid, followed by fewer, nicer houses in an appreciation area (fancier houses in a beach side location), which we use for STRs.  

We take this to mean (based on 100s of real tax court cases) any activities integral to the business of running a rental.

That is what helped me to build my network and knowledge base super quick.

The labor market is still challenging (and not showing signs of improving based on the escalating average age of most contractors).

Is this a good place for rental Income properties 30A is mostly an appreciation based market with little to no cashflow if you buy turn key.

His CPA has convinced him going forward everything needs to be calculated based on K-1 tax capital accounts for ownership.