I have a great tenant for 2 years in that she pays timely and never asks for anything. She pays $1,900/month in rent. She is a doctor and her husband an engineer. I was thinking on raising her rent by $50/month. My ex...

You will not be able to hold this property at a 12% loan and make moneyAlso your closing costs appear way off.

If you guys cannot seem to make sense holding a property that produces little to no cash flow, try doing some flips! 

Im just curious as to what others are doing and whether I should either hire a new CPA and ask questions when I hire him or just hire a regular tax person for a lot less money?  

Hello everyone, I live in Southeast, Pa and was thinking of getting into buy and holds.

@Farah Tatis would advise doing a few local flips as learning experiences, before trying an OOS flip.If you're looking for a buy & hold market, check out some of the great things happening in Detroit in 2024.https://michiganchronicle.com/2024/01/03/major-developments-that-will-define-detroit-in-2024/

- After I rehab, and rent it out; when I go to a bank to do a cash-out refi, there will be a mortgage on the property: can my SDIRA hold properties with mortgages?

Looking forward to what the future holds.

The second way is to plan on proceeding with the purchase whether or not you are able to “flip” for a profit.The key point is that many, maybe most wholesalers use various “weasel clauses” to back out of a contract that isn’t immediately profitable for them, leaving the seller who thinks he has a “real” sale holding the bag.  

and spend 20k in renovations, the property should be worth more and I can rent and hold it.