Hello Harri,Development is in my estimation the toughest part of real estate investing.  

Hello, I am Al Harris and I have a good buy and hold strategy for properties in Milwaukee.

@Emerson Miranda and @Byron Harris Thanks!

Ms Harris welcome to biggerpocketsSuggestion : under the " Learn " tab,  view podcasts and How-to guides.Good luck with your investing

When I do this for real I am going to try to acquire the property by driving for dollars.Check this zillow listing outMy quick numbersRent $1600ARV $160,000 x 80% = $128,000 - 65,000 (repairs) = $63,00050% rule with offer price of $63,000 expenses $800 NOI $9600 Cap rate 7.5 Loan servicing $747 private money @7% interest onlyCash flow = $53 with refinance @ ARV of $160,000 and 75LTV Mortgage = $120,000 @5.25 payments of $663 New Cash Flow = $137 Cash needed for refinance $8,000 + Closing costs@John Chapman @Joe Butcher @Harry M.

Hello @Detra Harris . 

@Gerald Harris Thank you, exactly what I plan on doing.

@Gerald Harris,Thanks for posting that info.  

Harris CAD has a nice FAQ on it. http://www.hcad.org/resources/propTaxProcess.aspThree factors determine the total amount of taxes imposed on a property.

@Kevinn Harris , I actually closed on new construction using the VA last year.