Hi John,The property is a SFH already so there shouldn't be anything from holding you back once vacant to rent the entire house and not be subject to rent control any longer.

I have found crowdfunding to be a far more effective (and passive) alternative to direct RE investing for me in the US, and am migrating my US holdings in that direction. 

Account Closed  To make sure I understand correctly, you are looking for an attorney that can draw up an fille the propert paperwork to foreclose on a property where you (or your business) hold the note?  

I am an Eagle Scout, I have an architectural engineering degree, and great with numbers and have completed a renovation in the past on a property I am holding as an income property in Rhode Island.

When you sell a rental property at some point in the future (at least a year out), this is not viewed as a flip transaction, but rather just a reallocation of the IRA from holding passive real estate to holding cash.Your example of buy, fix, rent for 3 months, then sell would likely be viewed as a flip, especially if you repeated this pattern with multiple properties.The IRS does not define a "flip" in clear terms, but has a full set of measures they would apply to real estate transactions to determine whether something is a passive investment or a trade or business activity similar to competing commercial enterprises.  

Hello everyone,I'm buying a buy and hold in Staten Island, NY.

If done responsibly (budget realistically and hold reserves), I see no reason why you can't double your portfolio.Best of luck.

. ; Buy and Hold ; House Hacking ; Fix and Flip ; Action Investors ; Foreclosures ; REO ; Wholesale

I have a tenant who recently moved out of my rental unit, and the new tenant has moved in.The former tenant asked if I could have the new tenant hold any mail that still comes in his name, so he could pick it up.

I lived in Berkshire county for 2 yrs quite some time agoDidn't appear to be great flipping area but good buy and hold areamaybe things have changed and GE  or other companies have brought jobs there best of fortune  to you .