To succeed, focus on properties in high-demand neighborhoods like Pecan Grove or Aliana, and ensure your cash flow analysis accounts for high property taxes, potential HOA restrictions, and flood insurance costs.

You'll want to put together a personal financial statement (basically lists of all your assets and liabilities) and have your tax returns ready.

Of course SF’s über liberal city gov absolutely hates this phenomena, and activity taxes and limits new “market rate” housing in many different ways.

I have just read through the four years of this thread and found some great tips, thank you to the OP @Thomas Youngman and all the content others have provided.

Most people bring their own.We also have a bin of razors, q-tips, cotton balls and even a bunch of contact lens cases in the master bath.

And you would get to indefinitely defer all tax on the gain from the sale.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Instead of evicting them, i was thinking is there some way that I could rent it back to him for very cheap (mainly to cover just the taxes/ insurance) ie 2k a year rather than the going rate of 2k a month for similar properties.

Hi Everyone,I  am a professional wholesaler and property locator, I locate property on/off market, do a full due diligence on title, encumbrances, taxes ect...