Still debating that one.

Hello BP, I've been in debate (friendly, learning experience type debate) with my partners, and frankly despite all of our number crunching and caffeinated pipe dreams, the fact remains that neither I, nor any of my partners have enough real world experience to settle this...Here is the debate:The goal is to invest around 20k into multiple strategies involving buy and hold cash flowing properties.Yes, I said 20k.

After some debate he presents a picture of the vent pipe to the judge.

I do appreciate the healthy debate between contacting insurance vs. eating the cost.

Age old debate of how much to put into the renovation to continue to rent it vs selling it.3.

Many in the military in those situations rely on food stamps to get by, as referenced in this article.http://goo.gl/3gvVAD I don't want to turn this thread into a debate about the military, etc.

I have a 3 bed 2 bath under contract in Abilene and the current debate is buy and hold or flip.Here are the deal details:Purchase: 64,900Repairs: 16,811Holding Costs during Repair: 2,500ARV: 110,000 - conservative numbers as comps from realtor showed support for 120,000Property Taxes - 2,090 a year and home insurance is roughly 750 a yearEstimated Rent: 1,050 per monthFinancing: 80% of purchase price at 5%, 20% down, repairs come out of my pocket and HELOC at 6% if neededSo what do you think?

I suggest the debating club start a new thread re: ethics concerning deposits and legal language in real estate contracts.

@Darnell Kramer  I am actually in a similar situation as I have a long term (16 years +) rental that I am debating doing a 1031 on.  

This is the best strategy identified for me so far....but again, as long as i make repairs...including plumbing and electric, I will still be personally liable so the true amount of protection is debatable.