Thank you ahead of time for your response

/month in cash flow (after all expenses, including a PM) once I do the Refi.3 - Must recover any cash I put into this deal, including cash back and cash out from the refi, and cash flow, within the first year.Example #1:  Total cost = $55k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$10k; MP = $300/m Cash Flow before refi (6 months) @$700/month = $4,200Cash Flow after refi (6 months) @ $400/month = $2,400TOTAL Cash back 1st year = ($3,400 loss)I wouldn't do the above example #1 since I would be $3,400 short at the end of the year.Example #2: Total cost = $50k; ARV = $60k; 75%ARV (refi) = $45k; Cash OOP=$5k; MP = $230/m Cash Flow before refi (6 months) @$770/month = $4,620Cash Flow after refi (6 months) @ $540/month = $3,240TOTAL Cash return 1st year = $7,860 - $5k OOP = $2,860 total GainI would do the above example #2 since I would be $2,860 ahead at the end of the year....as long as the Cash Flow of $540/month would meet my Rule #2 above of minimum cash flow after the refi loan is in place,and......as long as the refi amount of $45k was enough to move forward with the next deal.

In either case, some due diligence will give you a heads up... to each their own.Now whether or not one, a real estate professional or other, should carry depends if the person is comfortable carrying a concealed weapon while working in addition to being willing and able to secure the proper gun training.

As in what it be better if I go ahead and build on it and have that money coming in from the storage business or just sell it.The problem with this piece of property is part of it is in a floodplain and may need a lot of dirt work....

I went ahead and installed a few battery powered smoke/co detectors inside the apartments as well.  

Hello Tam C. yep buying and holding is a great way to go.Life has it's ups and downs, having your own income stream, in addition to your job, give you a lot of security.Best to you.PS - upload a head shot - come'on

Please feel free to correct any of this that is wrong, again it is what I have come to understand in my limited knowledge.Sorry this is so long, its just not something that is very well explained, no one I know even knows this exist, so I feel like I am a little fish in a big sea, but have no idea where to start.Thank you again ahead of time for assistance and guidance.

For example, there are animals that have an innate ability to detect that a person with a seizure disorder is about to have a seizure and can let the individual know ahead of time so that the person can prepare.

The basic idea being to calculate your DTI ahead of time to make sure it'll work, take it out of deferment, close on the mortgage, and put that student loan debt right back into deferment.

You do definitely have a head start!