solid real eastate  with a good cash flow and a cap rate of 11 or better investment and of course some apreciation down the road would be a nice option. i have looked at and liked indianapolis as well .. open to anything the secret is finding an honest company to deal with so far midwest eqities are como=pletely and totally legit. alot of fuzzy math companies out thier

Take your time and list all the questions you have.Then find a local real estate group or a mentor to answer your questions.Do your homework and learn this part of the business.Save yourself the heartache of mis-steps.

Each bank has different rules on what you need to season the funds so do your homework here. 

Then there was math class, in the third grade we use to do these silly 100 problem tests and had 5 minutes to do it.   

I am going to strive for 70-75 hours/week because if you do the math, I could gross $52,320- $56,880 a year.

the answer can affect my decision to sell at a lower price or rent it for a year and then sell-- some numbers to boil it downPurchase price : 300KFMV @ time of rental : 375KSale in 2016 after 1 year of rental (say) : 375KDepreciation allowable : 10KAllowable loss in Schedule E : 0 (b/c of MAGI exclusions)Profit = 375K - 300K - 5K (closing costs) - 10K (depreciation) = 60KDepreciation recapture tax = 25% of 10K = 2500 --- is this correct math ?

Clarence,This is essentially a math problem.What is the cost of conversion?

Do your homework.

The entire US system is still new to me however I don't take it as an excuse to not do my homework.

My plan is to purchase a duplex, but I'm now in the process of doing my research and my homework