You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

The “winning” bid will almost always start at the mortgage balance.

With a purchase price of $740,000 and construction budget of about $1.3 million, a future appraisal estimates its value at $3.75 million.

@CJ Moulton Be careful not to get "analysis paralysis" looking at demographic data for any market.

At least it's out in the open now.

@Jaycee Greene after the year living there at first property can you get a second fha loan but have to live for a year too on the next one?

I am going to wait until rates drop a decent amount and sell my former primary, which is now a rental, at a premium.

I look at a property check everything myself , I take notes on what I know it needs and I leave .

Banks caught on to this nonsense at some point, but it seems there are new angles.

We've invested around $50,000 in improvements (central air and hardscaping) and our mortgage is a 30-year fixed at 2.5%, with a PITI of $2400.We think it could rent for $3,750 - $4,000 per month based on local comps.