View report*This link comes directly from our calculators, based on information input by the member who posted.How can I get this to Cashflow?

The IRS taxes home sale profits based on ownership, not who receives the money.

This deal was brought to us by our relator and was also a civilian that worked on base that was leaving the area.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

Hi Samir, I'm based in Texas myself.

I don't want to make concessions/value reductions based on hypothetical work that they could then vote against. 

The answer is based on your goals.Short-term goals are tough. 

Depending on the property location you may be responsible to pay transfer taxes based on the properties assessed value.

You will need to narrow down the zip code or street a little more based on where you decide to purchase, but this gives you a good start.

The property is likely a little too expensive for me to qualify for with a conventional loan based on DTI.