Generally lower than ordinary income taxes on sale depending on your tax bracket and holding period.Whether or not you are considered a Primary Residence vs.

The barrier to entry is lower so they seem attractive, and to the person who knows what they are doing, they can be very profitable.

Again PMI offers the lower rate because its less risky and offers insurance to the bank.So when you sell your current home try and keep as much as possible and avoid an "All Cash" offer.

In most Ohio markets, investors can achieve solid cashflow with much lower initial capital investment.

Say, 3 month later, I decide to do a cash out refinance of the replacement property at 75% LTV because the rate is lower. 

When they do, expect much lower leverage.It sounds like you haven’t purchased the land yet.

.- My Resources / Constraints: I'm in a by no means unique, but perhaps less common situation for those getting started; I'm a somewhat senior software engineer at a tech megacorp and should be able to save a couple of down payments per year for lower priced houses (100-200 in my area), or perhaps one medium priced house (300-500).

Overall sale prices of homes are lower than most areas so that 100-200K can be multiple down payment on investment properties.

.- get into real estate with a lower rate and lesser percentage down payment.

It's time, money and stress for everyone involved.Can you visit the jobsite one time and have a face-to-face meeting where you pay him $1000 and sign a note that guarantees he will recieve the final $1000 after completion?