On the other property seller adjusted sale price.

If the purchase price is 70% of the home's final sale price, what portion of the additional 30% is the $ spent on the flip and what portion is the average net gain?

Real estate can be a powerful way to achieve both tax benefits and cash flow, and there are many strategies to fit your goals.

Maybe something happens on the block which pushes rental rates down, but still provides a sale option.

That is to say that I've experienced the incredible power of an appreciating market and that makes it very tempting to want to keep my current house, rent it out and let it appreciate.

For the seller (John) to defer capital gains via a 1031 exchange, the sale proceeds must be reinvested into like-kind property within 180 days.

But, in Detroit you need to compare renovated to other renovated homes, not just sales.

You will find many resources here on the forums and throughout the site as well.Personally, my short list of books to explore:Set For Life by @Scott TrenchRich Dad Poor Dad by Robert KiyosakiABCs of Real Estate Investing by Ken McElroyABCs of Buying Rental Property by Ken McElroyLoopholes of Real Estate by Garrett Sutton, EsqTax-Free Wealth by Tom Wheelwright, CPAThe Power of Zero by David McKnightREIT Investing for Beginners by Lawrence SmithWhat Would the Rockefellers Do?

Purchase price: $575,000 Cash invested: $218,750 Sale price: $775,000 This was a tough one.

Although everyone is teaching to assign a purchase and sales agreement, one CAN use a simple Option contract and assign that Option for a fee.