Normally, we are in a catch 22 with that loan product because of where rents are in proportion to interest rates.Keep in mind that 99.9% of the properties you analyze won't cashflow. 

Getting stuck with closing costs that the seller normally pays (common).2.

.- remember that you'll be paying all utilities if you rent by the room, so factor that into what you charge for rent, and consider using remotely-controlled nest thermostats so they can't jack the heat up beyond what any normal person would pay for (if you're in a cold area). the same could be said for a home with central air in a warmer climate.- consider baking into the rest biweekly housekeeping, so that you know that the property is being kept up with (prevents pest issues), and you won't have to deal with any quarrels over who's cleaning the common areas more than who.- always have the parents co-sign the lease.- make a manual for them. what would your own kids be calling you about when they first move out on their own?

You'll need to be levered on 750k @ 7.5% for 50k down or 640k @ 7% with 160k down-- if done normally.

The remaining capital gains are taxed at your normal capital gains rate. 

It's normal to feel a mix of excitement and nerves – it's all part of the journey.With your short-term rental in NY no longer an option, flipping could be a solid entry point to build up some capital for future ventures like buy-and-hold properties.Choosing the right market to start is key.

Hi Frank,I, like many on this forum would say that if you're looking at getting into a new venture just for the tax advantages it might bring, it's normally not a good idea to factor that into consideration.

. :)  Sending our regarding to the one and only Jay Hinrichs ❤️😎 *Sending our regards 🙏👍  Starting to make “the blue man” @James Wise look normal

The seller's normally don't understand how much selling sub-to can jack up them up financially if the person buying the property stumbles. 

So here's my question:Is it normal to take a pre 90 day LTV to recoup the purchase cost, wait the seasoning period, and refinance the rest of the cash out at a later date?