We are considering investing in a new build in the New Tampa, Wesley Chapel, Zephyrhills area, and I’m currently crunching some numbers.

On a time crunch and wanted to put it out here for those interested.

Numbers have been harder to crunch with less cashflow on a normal BRRRR but with section 8 you can get quite a bit more from the MHA.

My go to is this deal analysis spreadsheet; I've tweaked it to make it work for me:https://bit.ly/3EAhMm8Complete all of the Purple Boxes with your property's data and it will crunch the numbers.

I have crunched the numbers myself as this is a familiar town to us.

@Nicholas Aiolaas, I know that this is tax crunch time so reply if you have time, but don't worry if you don't. 

Buying a property without equity…. means that if you had to sell.. you will taking a loss equal to AT LEAST…all costs associated with selling.Selling a $400,000 property that was bought in the last two years means that AT BEST… the equity is equal to 75% of the down payment. ( this is a rough statement and anyone who wants to crunch the hard numbers is very welcome to post them)$400,000 buy… $$60,000 -$80,000 down… $24,000 to the buyers agent… and another $5000 for other closing costs.Starting balance ..is $370,000.New selling /asking price… =$450,000 depending on the region… good luckBuyer counters at $400,000 and the seller accepts…Minus the realtor fees $24,000 and some concessions…$10,000 ..Net is $366.000 Ok this is a very rough discussion.either provide tighter numbers or accept the drillThis seller got out lucky.And didn’t account for the interest paid out or the new carpet , paint dishwasher and sod.Buy a business with equity….

As far as keep or sell I'd crunch numbers.

You said you bought a 4plex for around $200k in a B area...I crunched some numbers and even with a 25% down payment, monthly rents of $800, and setting aside the reserves you mentioned above, I'm only coming up with a net cashflow of around $200/mo per unit. 

I'm not suggesting for anyone to follow my lead, but I'm simply not interested in theories and number crunching and all that little detail b.s.