Typically, the initial upfront for the rehab is either cash or a high interest loan (hard money or private). 

Buy and hold rental property.

For an investment property (purchased as an owner occupant), that is insane. 

I was maybe getting the property under contract.

Do taxes adjust when the property is sold?

Hey all, I'm a Broker with 18.5 years of experience in the industry primarily centered around SFR and small investment properties.

Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

Quote from @Noah Davis: Hi Everyone,I am looking to buy 10 investment properties this year.

I purchased a property in the 77003 zip code which is 1.5 miles from downtown.  

Here are a few things that I like about the neighborhoods in Indy compared to other states: high rent-to-home-value ratio, consistent and gradual city development, relatively low property tax and insurance cost, affordable renovation service cost.