Now, you need to figure out how to find deals and pay for them.

Now, you need to figure out how to find deals and pay for them.

You might be able to do better on the rate, which would make the figures a little more favorable.

This figure includes allowances for heat, electric and any other utility that the tenat is required to pay and this is deducted from the FMR. 

@Joe Gellenbeck Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

Figure out how you want to handle you investing and what role real estate plays in that. 

I would make you rue the day you collected that $50K assignment fee, which rightfully belonged to my family member, and I probably have a good shot at figuring out some place where you screwed up, or misled. 

If you can’t do a 1031 to a non-income tax state, figure out a year when you will have lower income and tax rates ar as low as possible.

@Isaac Terry Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

I have a 6-figure land business & am just here to help (no affiliate links).The best land investing program I have seen is Jonathon Haveles with The Land Method and Land Riches Blueprint.