I say the profit should be between 60-80k to allot for any mishaps you may have with fixing the property once you start.

I say the profit should be between 60-80k to allot for any mishaps you may have with fixing the property once you start.

I say the profit should be between 60-80k to allot for any mishaps you may have with fixing the property once you start.

I analyze THEM, there hopes, dreams, goals, needs, wants, resources, assets, liabilities, budgets, hinderances, stress tolerance, time allotment, risk tolerance and about 74 other factors so I can best develop an investing strategy for today's position, tomorrows, and all the evolutions and the years to come.

You bring up an excellent point about using retirement funds and it being allotted to the taxable income investors.

If you are just getting started I would recommend not spending allot of money testing things out. 

With PITI a little over 1400, 15% expense ratio for vacancy/capex/maintenance, $150/month allotted for water & garbage, and a $233/month minimum HELOC payment this deal cash flows about 520/month.

I did pull out the maximum allotted amount of the HELOC which I plan on using for BRRRR (already closed on a property!).

The military is never leaving the Colorado Springs market, you can have them set their rent up for allotment so it’s never late, and we both know the last thing someone wants is for their Shirt to be notified of anything shady and have them step in!

Take a look at some current pro forma they provide you… many times you’ll find $150 cashflow on a $500k investment that includes income from illegal 3rd units and/ or no increase in allotment for taxes etc when adding units.