Hey Jeff,I'm in agreement with Jordan that finding a project that fits your numbers should take priority over the number of doors you have.

Folks always talk about 203k as a purchase tool, but often it's actually a way better fit as a refinance tool.

I fear fi this went to court the judge would end up saying the place was not fit for habitation and in extreme cases can make you give back every penny of rent she paid so far.after she leaves, you need to seriously evaluate the property and what you/your dad are doing in real estate. you said this place was vacant for 3 years?

If the numbers fit I’m always open to take a look no matter the side of town.

. :)I can see room for some creative tax planning here, but it would not fit in a short online post.

If you want more details to see if you are a good fit for the program, let me know and we can set up a phone call to discuss.

If you're self-employed, the Solo 401k will likely be the better fit for you.Here are few Solo 401k benefits:Compared to an IRA, Solo 401k contributions limits are roughly ten times higher.There is no custodial requirement for the 401k.You can take participant loans from the plan.You don't need the additional expense and administration of an LLC to have checkbook control.There is a built in-Roth component whereas IRAs are either traditional or Roth, not both.A spouse can also participate in the same Solo 401k plan.The Solo 401k has additional tax benefits over an IRA when investing into real estate using leverage.If you're not self-employed or if you have a business with employees, the self-directed IRA will be your main option.

There were gaps in the front and back doors big enough to fit a hand under, a mosquito infested back yard and other bugs also which tracked into the house under said door gaps including wasp tarantulas and scorpions... we had a professional company come out 1x per week to spray for mosquitos so our kids and dogs could enjoy the outdoors and lay granulated pesticides (non toxic).

That’s why it almost always makes sense to do business in different entities with tax strategies that best fit each investment strategy.  

This is for small balance commercial retail which might or might not fit on your land.You could have an acre but it is a really weird shape than a standard rectangle or square which can make laying out a site plan that works and is profitable for  a developer difficult.