If you're also considering flips, looking for cosmetic fixer-uppers could be a smart long-term strategy.Good luck!

How long would it take to rent out?

Can they prove how long it takes to rent a vacant property?

But at a $1.5M asking price, as long as you don't have to spend more than $300k in rehab (without raising rents), this is a slam dunk deal that should easily be financed  at 75% LTV by a "investment real estate-friendly" bank/credit union that is located fairly close to the properties.

It doesn't take long to learn how to spot a good deal.6.

Outline a clear exit strategy to meet your long-term goal of retaining the property for cash flow.Work with a CPA to ensure tax efficiency, particularly around depreciation, capital gains, and partnership income.

As long as the property cash flows, that's what is mainly needed. 

And there you are in luck because you can purchase any type of investment property anywhere in the country and defer all tax as long as you purchase at least as much as your net sale. and use all of your proceeds from the sale in the purchase. 

Play the long game and hold onto that equity. 

I know this was a long time ago but could I get a copy as well?