Condos can definitely be a less scary way for a newer investor to get started and grow from there.As Joe mentioned above, you will definitely want to add in the HOA fees and any other special assessments into your cash flow analysis.

Quote from @Joe Derobertis: Hey all,Looking at a property on Seymour between Fulton and W 32nd. 

Pacific Modern Homes is a great example - we built one of their kits in the 1990's and it was beautiful/ really minimized labor and scrap onsite.

Ever heard of division of labor, free trade theory, efficient market hypothesis?  

Quote from @Joe S.: Quote from @Roxanne Bellille: Thach’s program is worth it!  

Quote from @Joe S.: Quote from @H.

Quote from @Joe S.: Quote from @Randy Opp: Like Misty and Jamie, I'm a Gator and also a Subto member.

Hi Joe, thank you, I just made a clarification on the post.

If you mount the new beam below the ceiling $1500 material labor...if you put it up into the floor joists above $2500-3000 (meaning so you can't see the new beam once the ceiling on the drywall is repaired)  Figure another $65-70 per sheet of drywall needed for repairs. 

So yes, you need to set aside enough money to pay future taxes.Taxes are calculated only on your net profit - i.e. after everything is deducted, including labor & materials, holding costs, financing costs and business overhead such as marketing and driving.