I can get $7000 rental income per month total.

So if we go w/ the $700K purchase price of the new rental (paid in cash from the proceeds), that leaves them w/ $300K to pay capital gain on, @15%, totaling $45K. 

So, if you put in 20K, you could set the bid up to the amount of the 100K total debt(80K existing + 20K additional) to ensure that the property reverts to you as the lender.

And being totally humble I was a closer and at that point I know the money was in commish.  🤣🤣 I love it, those days feel like another lifetime really.

For a 90-unit project, this could result in a tax credit of $180,000, and for a 112-unit project, the tax credit could total $224,000.

The average homeowner is estimated to be underinsured by 40% based on replacement costs and that doesn't include the interior contents and assets, many of which are in the multi and even mega millions.

They will issue an IRS Form 1099 in January, reporting your total taxable income to you and the IRS.

Quote from @Ryan Brown: Quote from @Mohammed Rahman: Hey, I totally get where you're coming from.

Quote from @Diandre Pierce: I have 7 rentals with a total available equity of roughly 800K.

GC in my area cost 10% of the total and I would say that is worth it for what they provide, but if you have the knowledge and willingness to be on the phone with subs (and spend a lot of time on site) you could save that by DIYing it.