I also understand that a lot of it will all depend on what I can find in terms of a property and what kind of numbers I will see in cashflow but my thoughts are that if I look hard enough I can do better than my current situation - getting no cashflow.

If that is the only issue I would rent to them (depending on the type of home etc.) 

Cool thing here is the IRS lets you use any reasonable method to allocate between land and building (they call the building the improvement) It’s going to depend on the specific situation what is going to be best for you.

I know they are for accredited investors and I want to know any experience that others have had with them in regards to dependability and customer service.ThanksErick

Depending on your market a flip at that price point may not sell unless it is completely decked out and modernized.

Successful businesses depend on knowing all the laws.

It depends on your background.

It depends on the seasoning period required by the new lender. 

You will pay closing costs of XXX...and the person I am selling the house to will spend $20,000 fixing it up to sell it for $120,000, making a profit of $30,000 give or take depending on their financing and speed of the rehab. 

Or does that depend upon investor?