I am buying cheaper condos. 1/1 units about 700 square feet.Purchase Price:$44,900.00Purchase Closing Costs:$1,000.00Estimated Repairs:$5,000.00Total Project Cost:$50,900.00After Repair Value:$50,000.00Monthly Income:$700.00Monthly Expenses:$368.33Monthly Cashflow:$331.67Pro Forma Cap Rate:7.82%NOI:$3,980.00Total Cash Needed:$50,900.00Cash on Cash ROI:7.82%Purchase Cap Rate:8.86%How does that sound? 

This is one of my favorite features of Bigger Pockets especially for asking specific questions.

I would also add 5-10% Cap ex on top of it if it's an older building because if it needs repairs that expense with trickle down to the tenants. 

Solo K give you ability to contribute significantly higher amount (up to $59K/yr per participant), eliminates the custodian and give you checkbook control, gives you the ability to access up to $50K in your account tax-free and penalties-free via participant loan feature should you have a need, not subject to UDFI tax on leveraged real estate, ability to contribute pre-tax or post-tax into Roth sub-account, and more.The decision to incorporate should be discussed with a qualified tax professional.

There's a huge difference in the tax rates for a st flip, esp. when you include 15.x% self-employment tax, vs. cap. gains tax (15%, could be up to 20% if you have a very high income).    

First of all, most flips don't qualify for cap gains.  

Capping your returns at 12% seems a little odd to me at the outset.

Then I used the mail merge feature in Word.

I am interested in adding a water feature to a courtyard in a townhouse in the Miami area.Does anyone have a supplier to recommend?

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