Also, do you have properly recorded documents for the loan?

When I say manage the investment in an IRA, I am referring to collecting the rent and sending it into the IRA, taking repair calls from the tenant and making the calls to the proper repair people and paying them from the IRA account.

There is a sticky thread about it.For lower priced houses, I also use the 2% Rule, which just says that the gross monthly rent needs to be about 2% (or more) of the acquisition cost (purchase price + rehab) if they are going to cash flow properly.

I would recommend that you run all of your required expenses through a cash back credit card but only if you pay the balance in full every month.

If it doesn't belong here, please put it in the proper place."

So you will want someone to verify that the electric was properly split while you are doing those repairs.

Unfortunately, even here in Ohio, anything better than lower-middle class simply won't cash flow properly.

It has to be heated up, in turn creates the voltage to keep the gas valve open and running properly.

If you took out a small biz credit card with 0% interest for 12 month in order to buy things for a start up and floated the balance until you start making income to pay it off does it hurt your credit rating?

I'm just curious as to what other Investors use to calculate the ARV or FMV when you have trouble finding COMPS (this is assuming that your NOT using a Realtor), See I normally will use websites like Zillow and RealEstate ABC.com to pull COMPS, But their are times when they are No HELP, Because of lack of Information and I'm NOT currently working with a Realtor, So that option is out of the Picture and YES I know that you can go check the Counties web site (Assessed Value) But, That too is usless a lot of times, Due to lack of proper Updating.