Always do the math analysis and try to look at all properties if you have the time to look at prospective properties before you make an offer or at least have a clause in the sales contract that allows you the time (about 10 days) to make a detailed inspection on the prospective property and possibly get out of the deal without a penalty that will hurt you too much.Do not try to do everything yourself.  

Care to share the details, how you found it, price, rents, etc etc?

If a customer doesn't respect the fact that you are entitled to a fair profit for work completed, they'll just badger you and nickel and dime you on every project going forward.  

And that would only be using the difference in loan payments from a year ($1212 x12), so I could do this yearly or every other year and come out way ahead.I tend to think of ideas like this and sometime miss a small detail that has an enormous impact on all of my numbers, so please tell me if I am way off base!

Things like, but not limited to, taking distributions, funding the corporation, corporate formalities and defining payroll -- details on the process and gotchas.

I have met plenty of people who will fund me and people that will buy my projects.  

The IRA can purchase materials and labor separately.What you would want to be careful of, however, is that you personally do not become a delivery boy for the project.  

I can provide more details if you're curious.

To fast forward, essentially the husband had work across many different states/projects and their circumstances changed causing them to move back to their hometown within 3.5 months of starting their 1 year lease.The signed lease was very tight (no PM, just realtor, great neighborhood/friends and us) and covered us for many situations but I do want to get some clarification or advice on best course of action for the following:(please note this info is just from my googling/common sense and again I have no claims to be right in any situation here)1.

A friend suggested I join this forum for tips and details on escrow, renovations, renting out, and property taxes.