Basically, the IRS wants to ensure that you invest an equal or greater amount of EQUITY AND RELIEVED DEBT in the replacement property.

Having then paid them off, I'm left with the Bank's mortgage and hopefully some cash left over to Repeat.Is this the proper use of this method, in its basic form?

Our basic goal is to build a portfolio of positive cash flowing multi family properties in up and coming neighborhoods around the city.

Basically I have a seller who’s selling his house, I spoke with him a couple of times even got to see the house in person, he has a tenant there and said he has an offer already but he’s still exploring his options.

Now, taking a loan with 5% interest rate, 15 year amortization and 20% down, the monthly payment comes to about $6,950.In the above example, since the cap rate is greater than the interest rate, my thinking was that I will make some positive cash flow in the end, and that the cash-on-cash (with 20% down in this case) will be higher than the cap rate (which is basically 100% down).

However, I was wondering if you have recommendations for books or sites that offer basic to intermediate information for those of us starting out and really trying to establish a good base of knowledge.

Basically what should I be reading up on to prepare myself for the realtor exam 

I’m a basic meme bet and I have a feeling that I may be clicking links that only pro members can see.

But could one do a quick delayed finance, get some cash back, rehab the property and add equity, put a renter in, and then refinance to basically get all his cash back?

Basically I have most of the bases covered in understanding what needs repaired and costs/risks associated with those repairs.