Mike MacNeil check out this awesome video Brandon Turner made using Wix to build a quick and easy sitehttp://www.biggerpockets.com/renewsblog/2013/06/01/how-to-build-website/I would recommend using wordpress for better SEO, but to get something out there sooner than later Wix is a great option.Ok now go make it and tell us all the site name by monday.

Floors with a polyurethane coating can be damp mopped, but remember that wood and water are not a good combination.

Because of the shortage of inventory combined with low interest rates, it's very possible that we could hit that kind of appreciation.

These 3 tenants have given me more headache than all of my others, ever, combined.

For instance, $50k could be combined with another investor's funds to work a fractionalized note for the total, or you could place it in second position for rehab funding, or many other options.To answer the last question, starting out as a hard money lender is different than starting out as a private lender.

However, if you flipped 3 and loaned on 7 (this is just a random number selected for this example) the URS would rule that the main intent of the IRA was to be passive and since you did not exceed the 3 mark on flips, no UBIT would take place.In summary, the guideline wold include a combination of intent and quantity.

Bringing in a money partner or combining hard money loan with gap funding.

The combination of the size of the loan with the fact that a lot of lenders steer away from lending on single family rental property put me in a difficult situation.

I like these strategies because they involve creative re-framing and combine purchase-end profit, stable rents, and sales-end gain: A)to buy the largest multi-unit you can where rents are lagging behind the current market, and reframe it (if tennants are on sec8, they may gladly be rotated into updated, if costlier, units)- then sell for cash to leverage larger multi-unit, repeat.

You need to be flexible in a small market, understand the basics, installment transactions, options, portfolio financing available and the combined loan to values allowed as you maight carry some back, if the local landlord isn't interested you need to look to others, partner with contractors for repairs, you just need to work a little harder to make up for what might be lacking.