That's the starting rate and then there are millage rates that bring it down to the actual tax rate.

Hey man, so I actually left my W2 (biotech) and joined real estate full time due to the number of properties/cash flow I was getting.

I think it is just as indisputable that higher cost markets will produce greater value add via a proper rehab.Next question is does initial cash flow have any correlation to actual cash flow over a long hold. 

The modeling of this is actually pretty easy (see link: 42-unit proforma sample), but my model treats the pre-refi loan as I/O, but that can be updated based on your deal.

I was working a big deal, actually the biggest sale in my department’s history, and I felt like it would yield greater returns than this real estate dream.

Out of state investing gives you all of the headaches of local investing plus the costs of plane tickets and travel time.Also, never trust people, especially as a rookie.

I mean there is so much to scrutinize here we could spend an entire afternoon reviewing the actual deal let alone the financing.I wish you luck either way man.  

I wonder if you could actually mix the two populations?

My husband actually did this when he became a realtor and the process was very simple.  

I think the actual thought is to do a wrap INSTEAD of a sub to.