It does, but that paydown isn't really realized until you cash out, which will undoubtedly lower your IRR since it pushes out the timeframe.

The only way you would have a loss is if what you paid in measured in US dollars to originally buy the property is more than what you realize measured in US dollars when you sell it.

So as I look more and more into San Antonio I realize that the site I am using "areavibes.com" does not rate very many San Antonio neighborhoods favorably.

So as I look more and more into San Antonio I realize that the site I am using "areavibes.com" does not rate very many San Antonio neighborhoods favorably.

I realize taxes are paid yearly, and any other costs on the property (repairs, improvements, property manager, travel costs, etc.) will reduce the income I am paying taxes on, but for now I am just trying to get a general estimate of the monthly breakdown.Please point me to some resources that can help me understand how to best understand and handle taxes! 

Look at the difference in cash flow, realizing that as you decrease your CF, you are increasing your cost. 

I realize any advice given is not to be considered legal advice. 

First I would figure out what your investment strategy will be and then I would realize what market you are interested in.

When I stepped inside, I immediately realized the interior had some significant challenges that would make the BRRR approach a lot more difficult.

After months of searching, I realized that I would need to change my criteria or risk never getting started.