Again, don't give me fool, my experience only apply to 20 or 10 years ago, when 1% or 0.5% rule were still working. 

So if you want to chat call, text, or email me direct anytime.I've closed over 500 transactions in the last few years, with 75%+ of them being with NY investors, and not a SINGLE one of them have an ill-performing property. 

My Vegas guy has me buy the unit directly from the wholesaler with a CC.

Since, CFD do not have a note, my understanding is that a loan mod would not apply.

Am I supposed to offer free legal services to everyone who sends me a direct message on BP?

Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

Doesn't need to be exact and it can always change, but a good direction will help a lot.

Sounds great- I direct messaged you 👍🏼

Hey fam! I appreciate your insights and feedback:I have a single-family home I need to rent out long-term. I'm not getting a lot of traction with leads, and am bleeding money each month. I just had someone on FB marke...

Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.