hi Melida. i currently own a 2 family in the bronx and also bought i using an FHA loan. i purchased a home that was being sold FSBO. he agreed to drop the price 15k off the bat since he was saving the agents comission. i just used an attorney provided by my employers pre paid legal benefit. no agents were used. i am biased but i think the Fordham/Jerome area is a great area to invest.

I plan to listen alot more than speak though I work now using mainly open ended questions so I know how to use silence to benefit me.

The SFH is very high risk now due to speculation on market adjustments and placing your investment in a single basket.

Then that's where you can buy using your VA loan benefit.

Creates more of a hassle than the benefits it provides. 

How is everyone else estimating CapEx and do you adjust the amount of CapEx depending on certain variables?

Thanks Amanda,I'm going over to see it at 4pm today and will make adjustments to the pricing.  

It will still be a tax-sheltered retirement plan and everything has to be done at arm's length and exclusively for the benefit of the retirement plan. 

Keep in mind that it would not be "your" investment, an IRA would own the property, the income would belong to the IRA and you personally would not be allowed to benefit from the IRA or any investments it owns. 

If the appraiser knows that the seller on 123 Main St disclosed a jenky water heater and water damage in the basement, he can/will adjust for it when doing your appraisal.