As I stated above, please exercise caution and make sure fully executed documents are received prior to wiring funds.

Taxes/Insurance- depends a lot on where you are located.The homes themselves- POH or TOH? 

Let's assume your expenses (mortgage, taxes, insurance, maintenance, vacancy, etc.) comes to a clean $600 and the property rents for $1,000.

Given the market conditions and your hard money loan, it might be wise to first calculate your monthly holding costs, including loan payments, taxes, and maintenance.

Maybe I was mistaken about its prior use.

If your bottom line numbers on tax returns and W2 income are not strong however, this will be an abrupt dead end.

I did work for a commercial real estate investor prior to jumping into syndication, so that gave me a strong knowledge base to start with.

example:Purchase Price: $70kRehab: $30kARV: $200kRent: $1,500I can pull out up to $150k but with taxes and insurance I’d be in the red.

To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.

The big advantage is having the capital gains spread out over many years to avoid a huge tax bill.