Please disregard this post.

If this was not what you meant then disregard my comment 

Disregard what I said

I am mainly a builder so I focus on additions or new constructions more than rehabs, but with that being said, I don't disregard rehabs. 

To break even you would need a lower Purchase price or a loan with 75% LTV.I assume you are disregarding the Cash Flow issue for the moment.Does this answer your question?

thinking that you will move the same money and maybe even more to reinvest...Thanks for your input Assuming disregarded entities, there is no tax triggered from that movement.

The board of health gave me this clause that has no correlation to such request.... they pulled something up and said that this is how we interpret it and disregard how you interpret it... we will go by how we interpret it... so leave your basement door unlock. 

Nicest rehab in a class B- neighbood with an alcove 48" walk in shower (disregard the measurement on the photo below) on the 3rd floor unit in Chicago (proper).1) Would you install a glass door or curtain rod?

Chasing after the highest cash flow (and disregarding the above) is a fool's errand IMO. 

So, a property assessed at say, $80,000 (again, disregard asking price or prior sales figures as those are not particularly important for this calculation) would have an annual tax bill of $5,566.26.