Does doing (blank) bring me closer to my North Star.

I'd estimate 12-15% of the sales price as you'll have to back out land value and then you'll get closer to 20% of actual home as a deduction (assuming 100% bonus depreciation which the jury is still out on that being extended. 2.

Zeke and Patrick,Getting more than one property with what I have will definitely get me closer to my goals.

  " land is the basis of all Wealth" and the picture was of an Oak tree on a small grass hill ( grass was brown so probably CA. ) with quote.Location Location Location.

But their estimated ARV was around 250k so I knew I actually have more room in reality being closer to 300k.

But their estimated ARV was around 250k so I knew I actually have more room in reality being closer to 300k.

The owner is hoping for something closer to $200k to reflect the income but that is way out of line ( I think ) as the property will need work, its not going to appreciate much if at all and I don’t want to buy a $20000 job !

Now its probably closer to 25%.

I'm surprised by that value and would have thought the actual value is closer to the assessed value of around 1.5x the value of my lot -- the neighboring lot is identical but has a building and businesses on it, and is appraised at just $100k more than what their appraisal shows for the unimproved lot. 

If money wasn’t an issue, we would buy rentals closer to home or back home in Florida which is where we ultimately want to settle down in.