Pull out as much dead equity as possible or all you will be doing is buying your cash flow at a very high cost. $140K of equity is worth about $1166/month.

You could also run into bigfoot in the woods and play checkers with him, while sharing a nice bag of beef jerky. 

You play with the profitability with higher or lower down payment.

Family will play on emotions when trouble hits. 

When an IRA receives income from a trade or business on a regular or repeated basis, it can become subject to a tax known as UBIT which is meant to level the playing field and protect tax-paying businesses from unfair competition. 

Downfalls that I am looking to try to talk the seller into fixing before I would purchase: needs new windows, roof, and large dead oak tree in back yard that needs taken down before it falls. 

Do you ever see a reason when going for an appreciation play makes sense over strictly cash flow?

@Sherry AddyI do have a rental in millington and I know it’s the farthest drive in our portfolio You are right on the prIces They have gone up In last three years the value play Is In a fIxer upper nowadays requIrIng 15k rehabsBest of luck in your search

Account ClosedIncome taxes are normally not calculated in cash-on-cash return calculations because everyone's tax situation is different.For sake of comparison - the cash-on-cash return should be comparable on a level playing field.Person A - $100 return on a $1000 investment.

Both of my parents are dead and I have no family.