Both properties need repair and upgrades to maximize profit on the resale.

You can find it on Amazon here: http://amzn.to/Zv0ZphFrank also has another book called '10 Commandments for Real Estate Investors' that I reread every other month or so as a reminder: http://amzn.to/15ikXL0Ken McElroy has two great books on apartment investments and one on property management:The ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss http://amzn.to/HdXVf1The Advanced Guide to Real Estate Investing: How to Identify the Hottest Markets and Secure the Best Deals http://amzn.to/1bcWx50The ABC's of Property Management: What You Need to Know to Maximize Your Money Now http://amzn.to/1d518JKAlso see Ken's BP interview on Podcast 052: Buying Apartment Complexes, etc. here:http://www.biggerpockets.com/renewsblog/2014/01/09/bp-podcast-052-raising-millions-ken-mcelroy-rich-dad/I think these are the place to start, but there's many more let me know if you'd like to see more.

Originally posted by @James Mudd:Duncan Taylor ...yes, you are correct about the amortization table...but, I am planning on paying it down within a year to get the LTV below 80%....there's no way I'm hanging on to a lone for 30 years.There is something here I am missing.You say you want to use FHA to maximize leverage but will then pay it down to under 80% in the first year?

Assignments are simpler and maximize your profit, but can not be done with REO's or short sales.

And with a good income property, you don't have to rely entirely on forces that are out of your control to maximize your return.This thread started on the subject of cap rates and meandered a bit into commentary on a number of other measures.

However, this tool is used as more of an exit strategy to maximize medium term profits.

If you care more about cash flow, you want your rent payment as high as possible to maximize your cash flow.

Assuming I never sell the property, maximizing and accelerating deductions will have been the best choice.

You have to find your NICHE and maximize it.SUCCESS BREEDS SUCCESS

At the end of the day, If we did not want to maximize profit in the first place, we would not be investing!