Purchase price: $160,000 Cash invested: $35,000 Another 1% single family deal in a transitional area creating long term wealth

@Joshua MiddletonI am very familiar with that street, good friend used to rent Long term on it for about 7 years.  

I was last getting terms around 5-6% for the first 5 years, then floating with prime, 20 year term. 

Or. if you can’t wait that long. 

I am wanting to get into fix and flips and eventually long term rentals. 

First, Texas is one of the most landlord friendly states in terms of laws.

A Roth IRA Conversion lets you convert funds, pay taxes upfront, and withdraw contributions tax- and penalty-free after 5 years, offering a longer-term solution.This post does not create a CPA-Client relationship.

Quote from @Anil Shah: Quote from @Derek Brickley: Pretty common, you can definitely use commission as down payment conventional loans and not have it count toward IPC as long as you're on the loan. 

From what you’ve described, it sounds like you’re more focused on long-term appreciation and future benefits rather than immediate cash flow.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.