The seller would like to net the most but also carry a note after at least 50k in taxable proceeds, in order to defer her capital gains.

This includes budgeting for initial investments, calculating potential returns, and having a contingency plan for unexpected expenses.Real Estate is a vast industry, and with dedication, continuous learning, and ample networking, success is within reach.

The cash you receive from a cash-out refinance is not considered taxable income because it’s essentially a loan.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

I recently put together two detailed excel profit/cash flow calculators specifically for BRRRR and fix-and-flip investment projects.

For people that want more opportunity in their lives what comforts can they trade, what calculated risks can they take today for that opportunity/wealth in the future? 

You do need Form 4797 to calculate and report depreciation recapture and pay tax on this portion. 

They did it without a forum to ask questions, no podcasts to listen to, no formulas and calculators.

Does anyone have a trusty renovation/construction estimate calculator or guide they use for our market? 

So, if your aren't counting them in your calculations here then your cashflow is probably $255 LESS (assuming 5% budgeted for each) for a new cashflow of $245.