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.

Cost to build is $350K (I am managing it all myself and calling in favors around the city to get low rates on materials and labor).

@Armani Pimentel Yes, I believe that wholesaling is generally not the way to go, because it is getting banned, there are people who try to take advantage of aspiring entrepreneurs like you, and it is extremely low probability. 

Thus easy to manage and low Capex expenditures.     10.  

Also, for low value properties, most lenders wont take the risk. 

You may be looking only for "low-hanging fruit" type deals, which are far & few between these days.Read copy & paste info below:--------------------------------------------------------------------------------The Real Estate Crash of 2008-2010 caused real estate prices to crash across the country - but didn't affect rent amounts.

However, appreciation is very low in cheap areas.

Rents are generally low there as well, but definitely stable.

This week supposed to be 15 highs and 0 lows. 

Quote from @Aaron Zimmerman: Quote from @Bonnie Low: My current CPA came via recommendation from another investor.