If a rental, you'll trigger the full recapture tax (25% of all depreciation) due no matter how much down payment you receive.  

The VAAFT technique is sphincter-saving, and the surgical wounds are extremely small.

I'll finish rehabbing the place and get a renter established, then after 6 months or so I will go back to the bank and see if it will be allowable to do a refi and cash out some of my equity without triggering the repayment of the closing costs.   

What is a reasonable ownership percentage threshold to trigger a change in control event?

@Mike James GiancolaHello Mike, I would second what Trevor said about turnkey properties, and I would suggest turnkey properties in the midwest because they are extremely affordable (<$50,000).

So I pulled the trigger last Friday and got my first deal under contract and know I am working to wholesale right now.I am determined and motivated and I am not scared to make mistakes.

The main exceptions would be people that inherited or bought the houses extremely cheap.There are a lot of ways you can acquire that next property. 

That seems a bit extreme. 

Thank you,JeremyThis might be somewhat extreme but try to get the gist of it...Let's say you were trying to save some $.

I'm extremely motivated; almost to a downfall, and an extremely hard worker.