Most of what I posted is from the book referenced by the OP, except for the portfolio statement.Because the OP was given only one total tax number from his CPA, my thought was, from his “portfolio” of 8 properties, to roll-up the individual ‘Cash flow before taxes’ into one number and subtract the ($3,000) total tax bill to get his net income.

Please just post your inquiry one time into whatever forum best suits the topic.

From reading your post I was slightly confused, are you asking what someone would do in this scenario assuming you had the opportunity to buy a property at $1.2M that had some room for value add? 

For example, post-move-out it will not be 52.7%.

This would be my first post at BP.

Originally posted by @Pat L.

@Joe Villeneuvewas thinking about your guidance on another post, where someone was being told "put more down to cash flow."  

What about financing post-rehab?

Originally posted by @Joe Villeneuve:Originally posted by @Syed H.

I tell everybody I wish I had known about all the benefits and flexibility years ago when I started real estate investing.I'm not entirely clear on your post if that's what you were asking about but that's what it appears like to me.Happy to help answer any questions you might have!