The houses would be looking at I'd imagine would be about 7 to 800 k taxes would be about 4K hire a year.

It can be done for new build but not rehab since all rehabs are different. 

You buy RE for the sake of building wealth.

It is tax free in the sense that you will not owe taxes today on the cash-out.

For scaling your portfolio, consider house hacking another multi-family property to minimize living expenses while building equity.

We also got them to have it professionally cleaned, ducts cleaned, they threw in some furniture for free, paid a lot of the closing costs that buyer usually pays, paid most recent mill levy instead of prior years taxes, paid my 2.8% commission, etc. because it is a buyers market and that's what you can negotiate in a buyer's market. 

@Jenna ChenHouse hacking a value-add duplex in Atlanta is a smart strategy to build equity while keeping living costs low.

In North Jersey, buying is difficult from my beginner perspective with high prices, property tax, etc.Barrier to entry feels high in my area.

@Jeanette LandI always recommend using a tax professional.

Over the years, with personal investment alongside investments from family and friends, I’ve been able to build a small portfolio of apartment buildings with a focus on cash flow through strong operations.