Purchase price: $310,000 Cash invested: $350,000 This was a full rehab 6 unit multifamily building.Our firm did everything from locating and acquiring the project, to managing construction, and then finished up by leasing out all 6 units for a premium rent.We used a construction loan to secure the property and do the rehab. 12 month term which we were able to do construction and lease out all units before taking out the original loan with a permanent commercial loan.

If you can rent the property in peak season for 1% of asset value per week you will virtually always cash flow.  

I suspect you could be cash-flow positive in 1-2 years and the property should appreciate during that time.If my assumptions are correct, holding onto it is the better option.

In his affidavit it has the correct legal description that matches my cash sale, but I am not sure if that is good enough.

I have a credit score of 765, with a good amount of savings. 

I have built myself a BRRR calculator, and the numbers (in terms of cash-flow) are convincing.

I am considering two options for purchasing a A+++ SFR cash, Option 1 to place in a self directed IRA and let the IRA own the property and Option 2 is to buy in cash upfront and pay the taxes owed.I am 62 years old and have another five to seven years prior to retirement and so I am trying to set up my portfolio for income generation by that time.

Practical strategies, in this case, can assume a starting point for a person with "x amount" to invest and is ready to start today.

Don't do Cash out refinance that's a mistake.

My problem is I'm trying to 2 more properties this year, and pay with cash.