If you aren't going to use the agent, but need their services for comps, etc. explain that and ask what they would charge for that portion of their services, etc.

I am trying to decide if my first investment property should also be my primary residence (Specifically, a multi family in NYC or NJ that I can rehab and rent a portion of.).

As to the land portion, adding that in may in fact make this a great deal.

My question is, do I have to give her back a portion of her rent?

If you have good planning and are not in a situation where you have to make estimated quarterly tax payments (and are doing 3 flips a year) you may be able to roll it all over a couple of times and then pull the tax cash out from the 3rd sale.But from the sounds of it, you will be making estimated tax payments in year 2 so you are back to holding back a portion of the profits from each sale.

I would max the matched portion of the 401k and if you are eligible, max a Roth IRA for yourself and your spouse with any additional funds you can save toward retirement.

A large portion of the work you will be doing when she does leave will fall under the normal wear and tear category, so you probably wouldn't be deducting it from the SD anyway.You got an $8k discount on the house.

But for now I'm wondering about the % ask price-to-sales price portion.

Yes the borrower/buyer will have mortgage insurance however this can be accomplished in many ways: - SPBMI - single premium borrower paid MI - lump sum upfront payment usually 1.5-2.5% of the loan amount upfront - BPMI - monthly mortgage insurance - BPSPMI - borrower paid split premium MI - where a portion is paid upfront as a lump sum to obtain a smaller monthly premium - LPMI - lender paid MI - is a single premium mortgage insurance (no monthly payments) that is absorbed through the rate so for instance if the going rate today is 4.5% a buyer looking for your unit may take 4.75% or 4.875% to obtain no mortgage insurance as its paid through the rate or by lender.

You should be able to attend these classes online or on or near base, without using your GI Bill.The gambling portion of your plan, is just that.