Thank you @Mark Nolan

This means if the property costs 125,000, you would want to rent to be at LEAST 1250/month.Generally the older the home is, the higher above the 1% mark you want to be.

We've done a lot of deals this year, crossing the 3.2 million mark this week, so I'm just looking at it from 30,000ft type thing.

@Jason Hirko @Dmitriy Fomichenko and @Mark Nolan, gentlemen thank you for the outstanding information.

This is just over the 3 year mark and I believe I'll have to pay full capital gains (appreciated over $80k from date of purchase).I'm assuming my best bet is to give him the boot and make sure I sell the property before 3.1.17.  

@Mark McGarryI pay it only when the invoice arrives.

My name is Mark I'm in New Port Richey Florida and I'm interested in flipping houses and buy and hold.

@Mark Douglas, meeting up some time sounds great.

Hope this helps, Mark

Information is very important - asking the right questions and knowing how to respond to responses will mark you as a rank amateur or professional who knows what to do and how to get the the bottom line quickly and close a deal.