Paid $210k current rents are $800 each, market rents are $950-1200 per unit, market value of the 4 homes is $400,000My goal is to fix up and raise rents to market, then refi at 75% ltv for nice cash flow and a nice payday tooI love real estate What made you interested in investing in this type of deal?

Rinse and repeat the process above but keep learning other ways to invest, you can not do all flips because this will be taxed heavily, if you build to many airbnbs you will run out of cash, despite having good cashflows, if you do to many single family houses for regular rents, you have to wait few years to get a big payday and you barely cashflow. 

Do I pay taxes on the money that comes into the business acct ro when I transfer a potential payday to myself?

He'd planned to meet with him on 8/7 (tenant's next payday) to get a new lease in place and collect for the month of August.I was a little weird-ed out, since I had no time to do my due-diligence by meeting with the tenant before closing to get an estoppel and talk about getting him under my lease agreement.

I hard pass on anyone with payday loans on their credit score. 

So no cash flow big bucks put into it.. but big pay day ... 

Carlos  first off congrats on a nice wind fall pay day !!!

We were only into the deal for $128K (85K purchase + 1K closing + 42K rehab), so we received all the money we had put in, plus a small payday.

If you have time ahead of you then bleeding money every month for that eventual big payday might be good.

The market is huge, payday loans and check cashing places makes a killing off the financially illiterate, 100-650% apr a year.