.• This balloon payment will be paid through a cash-out refinance of an investment property valued at $198,000.7.

The deal has to make sense and you really need to know the comps to make sure your investment is going to actually make money.

If you buy multiple properties, you can spread out your risk and avoid putting too much pressure on a single investment.

Hi, I’m a full-time Real Estate Investor and mainly invest in Frederick and Washington counties.

The data @Devin Conley posted is pretty solid from my experience (I do not know Devin nor how he sourced the data, just going by my own investing experience).  

Capital gains are calculated as:Sale Price - (Original Purchase Price + Capital Improvements + Selling Costs) - depreciation (if applicable) = Capital GainYour mortgage or HELOC balance does not affect this calculation—it only determines how much cash you take home after the sale.In Massachusetts, if the home was your primary residence for at least 2 out of the last 5 years, you may qualify for the Section 121 Exclusion, allowing you to exclude up to $250,000 (single) or $500,000 (married filing jointly) of the gain from federal capital gains tax.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Quote from @Andrew Betts: A single family home with a pool near Disney would be ideal, however there are around 70,000 of those available.

There are more factors than just the community (#beds, level of theming, location to the amenities, style of home (single family, townhome, condo) and others) But I would strongly advise to stay within some of the same communities you mentioned like Storey Lake, Windsor Hills, Championsgate and a few others if cash flow is your goal.

-Will it be robust enough to track additional business expenses that are NOT tied to a single property (IE; Business insurance, Home office, ETC?)