Since we are buying the house and the seller next week is paying related taxes is their a loop hole that can help us avoid paying a conveyance tax since the property will be flipped 3-4 weeks later?

We have a young family and don't want to get in over our heads on debt should something go south (and don't want to be over leveraged if we decide to move to a new primary)40% was where we felt good about the cash flow, and can be relatively sure we wont be losing money each month even if something unexpected goes wrong, and we have it sitting in the bank from a stock sell off.

The relation ship between appreciation and property value, specifically equity build up, is on a 1 to 1 ratio. 

They can say that, but if selling is in their mind, it usually will happy relatively quickly. 

@Lee SyndergaardHi Lee,MNRei has monthly meet ups and other events related to Twin Cities real estate.

The search does not trigger anything handy (try searching for "CPA" or "Accountant" for fun, it's missing 99% of the actually related posts).I am creating a Fund of Funds that will invest in syndications, and I am looking for a CPA that can (1) advise during the fund creation, (2) handle the tax filing for the FoF, and generate the schedule K-1 for investors.Any recommendation for this more advanced setup?

Near town of 25,000, but relatively remote.

Filthy rich old man who learned the hard way how to avoid listening to advice from friends, relative and wannabes.$30k to $50k for a bathroom and room addition?

I used the BP rental calculator and the numbers with me being owner occupied did not look so good, but with me not living there, which i plan to do relatively soon and get another property were great!

Why don’t you just wait for a relative to die and leave you a free house.