Application of the 70% RuleWith this in mind, let’s examine the application of the 70% rule.Housing inventory price pointThe 70% rule can be adjusted, depending on the price point of the housing inventory.

There are many particularities to this, and I don't know anything about your business so I can't be much more specific, but what I can say is that more often than not businesses will find they have a narrower, more fertile niche than they imagine once they actually examine the who, the what and the why of the deals they close. 

Most tax professionals do not advise their clients to utilize this approach and it may raise concerns under IRS examination.

The same will hold true in any market you examine I am just using my own market to drive home this point. 

There are other considerations that may still make it impossible to permit the construction of the building even  if the by-right use permit is obtained and its important to have an architect closely examine how the proposed floor plans will layout to confirm egress &  bedroom windows + localized zoning overlays along with a  number of other factors.

My thoughts on turnkeys is simple: get your head examined.

Hello Emily,  Its definitely nerve racking purchasing your 1st property, a couple things to consider.1.

Hour or two before the stay is nerve wracking!

So far I have had a nerve racking a frustrating time.

I get the nerves, but you're already thinking ahead for your family and that’s huge.