I'm a new real estate investor part time and a full time Accountant.  

I may be a mile off, but the air stinks and the public is getting a whiff of it.Moral of story....FLIP....FLIP...FLIP some more(to build the bank account)and then BUY, BUY, BUY, HOLD

I have been pretty happy with selling houses with financing, I get an initial return of 10 to 12 percent, and then depending on when it pays off the returns could be as high as 30 to 40 percent annualized.

Hi @Varinder Kumar Don't assume the market rent, double check with a realtor if you haven't already.And if you do pull out the equity from your current rental, don't forget to account for the monthly payments as well. 

You want these guys, they work regularly (can maintain an account with their vendor for the best pricing) and do quality work with quality materials.

I am not an accountant or CPA but my understanding is, if it is available for rent then those items are deductible.

That means you could buy now, experience 5-7.5% annual appreciation for the next couple years, sell at the peak of the market, and then sit on the money until it all comes back down and you can buy at the bottom of the market 5-7 years from now and get $150,000 of appreciation per property in the next few years after that. 

Account ClosedI did a few years as a Lowes sub.

My insight is to run your numbers very carefully, multiply your anticipated annual expenses by 1.5, and don't forget capex.

I have a good accountant already.Also looking for alternative financing.I can offer some very good tips on how to fix your own credit if anyone is interested.I am not a credit repair company.