if the property is in an official urban reneewal or urban redevelopment area, it does not matter what type of property or what kind of improvements--it can be new construction even--a redeeming party will have to pay you the increased value due to the improvements plus insurance plus interest.While you have possession and before the property is redeemed, if it is redeemed at all, you can occupy the property or rent it out.

I want to domesticate that LLC in our home state of NJ so we can be the registered agents instead of paying a third party.

Live in one and rent out the others, and the best part is with the VA loan, you'll be buying with no money down.

Now the good part.

For my part, I say triple-check your occupancy and daily rate expectations, and then underestimate - if you're still happy with the potential cash flow, awesome!  

It's mutual among all parties and you will have to explain and intervene to avoid conflicts that could ultimately escalate and require you to take action. 

When I lease properties out now, I take tons of pictures so the move in condition can be shown and helps protects both parties.

I went to a Christmas party where the home was nothing more than a shack with a single bare light bulb and no running water.

View the IRA/401k as an entity that is independent of yourself over which you have authority.Prohibited Transactions: In general, you - as an individual - you should not be a party to any transaction to which your IRA/401k is a party; you should act strictly on behalf of the IRA/401k. 

We are initially looking to use 3rd party funding, but we are establishing a lending company that will use private money to fund 1st and 2nd mortgages to our flip and buy and hold companies.