It doesn't matter if you can pull all of your money out if there's not any cash flow...

If you buy less than your net sale or if you take cash out you pay tax on the difference as if you were pulling profit out.It's very common that people want to only roll their profit forward. 

SOOOOO Excited I finally pulled the trigger!

I remember one county pulled up 3 houses to compare to mine.....all had 2 car garages, all were brick, all were pretty nice homes, compared to the foreclosure I bought ....then I showed them my pictures...got it reduced by about 50% and the appraiser just about fell out of his chair....with my evidence.   

Pulling off a BRRRR requires an entirely different skill set, knowledge & work load.

Mold is all over the place, basically you will need to rebuilt the whole thing.If you can pull that renovation off and finish it with 150K, I think rest of your numbers are accurate ( rent, lawn etc...) and you  should go ahead and do it, but I would be careful about that number.

I've been following topics, watching videos, and too nervous to pull the trigger on trying to find and execute my first deal. 

A couple of months ago it was appraised at $400k, so I pulled my initial $250k out, and got a loan.

Way the worksheet is laid out, it will pull the applicable number to determine what bracket your capital gain will be taxed depending on your ordinary income level. 

Not sure if I'm ready to pull the trigger.