I picture having rentals to keep a steady cash flow and flip houses.

For my own analysis purposes, I always take myself out of the picture and assume I will receive market rent, even if I intend to owner occupy.

As Brian and Doreen already mention, just putting it in a different way... make the decision only after you see the impact based on two aspects (1) the larger picture of your portfolio, income and taxes and (2) the impact to the IRA in terms of cashflow needs for the property.With regards to the DOL PTE 80-26 exemption, please use this as an extreme last resort as there are many a documentation that needs to maintained as justification for the DOL and the IRS (more than the requirements of any custodian).

You want more money coming in than going out; the big trick is knowing how to keep track of what's going out (there are a lot of ways) to be sure you're getting an accurate picture.

The flooring I went with is a vinyl plank product from Shaw in "Chippewa Hickory" (the color name).Picture of one of the bedrooms with the new flooring, wall color, and new ceiling fan:

HELOC is out of the picture for us.

@Chad Johnson  - Don't tempt me....I can picture the title Married at First Flip!

Of course, she took the pictures, but that doesn't prove that the landlord did it, even though he broke into her place, and my sister cleaned the place before she left for break just to come back to this dirty place.

In your resume, you can put pictures of before and after renovation, as well copies of your HUD-1's showing you've profited from a fix-n-flip before.7.

If the big picture idea stays according to plan than the investment is always successful.I am assuming that most experienced investors who run the numbers see how fantastic of a deal that is and how ridiculous of an expectation that is to have in today's market .