Also, when underwriting deals with 'value-add' do you factor that into the LTV, meaning, are you borrowing the construction costs as well? 

Good Morning this is a deal from a driving for dollars property I saw....Anyway, I am trying to do a little research before I contact the owner. 

I certainly understand the factors related to the choice of whether to invest in real estate inside or outside a tax advantaged account. 

IRR is going to be higher than the cash on cash return when equity buildup is factored in.

i dont think you need to drive down there since it is an electronic document now. one day i called trenton and they emailed it to me within 30 minutes.your rents do seem kind of high. 

Once a couple tax certs are issued - it's a better sign.For combining factors, it's a bit tricky.

See if you can factor those into the price for negotiation. 

Being honest with yourself about how hard you already work, not about how hard you plan to work, is going to play crucial in your determination and ultimately will somewhat factor into how successful you are.If you have a lot of passion and drive, like you mentioned, already have an understanding about real estate and structuring deals / transactions, perhaps it's the move to make.I started out with getting my license to use on the side. 

Drive the pockets, get a feel for the area and it will be easier for you to make decisions on properties when the time comes.

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