You must atleast use the cost basis and the gain of the investment you are selling.

Most lenders will be at 70% - 75% LTV with the loan amount being capped at the borrower's/investor's cost basis for the first 3-6 months (varies by lender) and potentially an unrestricted 70% - 75% LTV on appraised value after the 6 month mark.

If we didn't do the exchange, we figure the basis in the property sold is $85,000.

This site is the best place to start, although I would also recommend attending your local REIA on a regular basis or any other meetups near you. 

Contractor that we paid $7000 to jack the house stopped and wanted more money, I told him to leave, we can handle it (he didnt know ill do whatever is necessary, including jacking a 70 year old house with harbor freight bottle jacks to tear out main beams) I was there every day after work and every weekend putting in the sweat equity for months.

I appreciate greatly @Mindy Jensen@Anson Young@Alexandra Hughes and the whole team at BP for The effort and commitment you guys give back everyday to helping so many!

That is why I recently got my real estate license so I could save on certain costs but also be a service to other investors in the greater Tampa Bay Area.If you are up for it, I second the idea of renting out rooms to military members who are here on a shorter term basis as they reliably pay rent, but you are able to get started at a lower price point that a triplex or quadplex.

Had immigrant tenants pour bacon grease down the sink drains On a regular basis  .

Agree with Don and Marcus - I’ve made a living off pricing competitively.It either leads to #1)bidding wars2) lower cost basis#3) increase in money velocity Think of this you price high wait 3-6 months for a deal, end up negotiating down and lowering price increase risk of market changing take another 30-60 days for deal to close another 60 to source and close another orrrrPrice aggressive create demand, bidding wars, buyers into a pipeline make a little less money house sells in 7 days close in 30-60 days another 60 to source and close......Instead of 1 deal with that capital per year you can now do 2-3Increased Money velocity IMO leads to increased annual ROI

It is important that your property manager knows the market really well as most real estate agents do not know the rental market as well as someone that does it on a daily basis.