Purchase price: $275,000 Cash invested: $300,000 Sale price: $1,300,000 Luxury build in the city of Bellaire, ongoing project.

You have to find a zip code that has a prevalence of multifamily and a pathway to build multifamily.

The BRRRR method is a fantastic way to build wealth, especially in Augusta, where there are solid cash-flowing opportunities.

I'd also add to that that you are paying a 20% withholding tax on gross rental income. 

The Annual Owner Statement should break down all the expenses that the owner's tax professional then figures out how to deduct and on what tax schedule.So that way the owner can expense everything throughout the year?   

My son currently lives in the townhouse b/c he is going to school and works in the area.Since he is young and starting out in life, I would like for him to only cover the basic costs (taxes, HOA, utilities) just enough for me to break even (I believe that will put him slightly little lower than market rent rates). 

I'd recommend sticking to duplexes and triplexes. 4 units are considered commercial by building standards and have higher scrutiny.

In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.

Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

I'm relatively new to this industry and is trying to build a list of buyers/investors.