LP 4.95 M and GP 0.55 M (so GP invest 10%) - total 13.6M. 

hahaJokes  yup   its obvious  feel sorry for the  orginal poster or anyone who drops 15k or more on this stuff.

We have some in Milwaukee's suburbs, but obviously the further you go into rural Wisconsin the more farms.

The Average Rate of Return is calculated by taking your average net profit and dividing it by the total investment.So in your scenario, the total profit is -$50 over a period of 2 years, giving you an average net profit of -$25.

Totally updated right now.

Why waste time on quotes from Alabama Department of Revenue, which are the total of all taxes and interest to date.

Obviously people who dont know the area but visit only at bike week the beach, get that impression.

I’d recommend checking the resale values on used Bobcats and comparing that to the total you'd spend on rentals.

Obviously, my agent will not be happy, is there something I can do for her to make her whole?

Subject house math:-Purchase: $200k-Closing, rehab, to date carrying costs: $65k-ARV $400-425k-Rent $2900-3100-Taxes $9k a year-Insurance $1500 a year (Estimate)My math works out that if I refinance and pull all my money back out (LTV ~62%) I will have a total monthly cost (Tax, insurance, P&I) of about $2450 leaving roughly $500 cash flow assuming I manage the property myself.