I plan to get a real estate license relatively soon, probably after earning my urban planning credential (AICP).

2) How do you calculate the monthly cash flow earned from the property?

Housing and basic cost of living in the five boroughs has risen much more rapidly than incomes earned by most middle-income New Yorkers.

Make sure to save that money in a separate account that earn interest.  

I plan on selling this place during the summer of 2015 and will need a replacement home to do a live in flip with.My credit score is around 760.I have a considerable amount of construction experience.Currently I earn around $75K a year.I live in Riverside County, CAI also have a real estate salespersons license.Plan ASo on to the question, I can go the easy, although from what I have read, the more risky rout and buy a home or contract from a wholesaler.

Their capital would have been in a checking account or CD earning no more than 1%.  

A rule of thumb I use is actively earned operator income is for s-corps, passive   income - llc.

It's not what you pay, but what you earn.

Not having a greencard seems to be challenging when trying to finance.I earn high 6 figures, I have millions in investments, no debt, 800 credit score.

(More on this later) If you invest $50,000, each month you would earn $333.