I do work a full time job, and I am only 23 years old, which is why I'd like to start investing now when I do not have any essential obligations (I currently live at home and am not married or have kids).

(You do not need to live in the home for 5 years) 3) Seller gave me $3,500 toward closing cost.4) I essentially only paid a grand total of $1,500 of my own money for to complete the deal and that 1500 was spread across the following items.....

Essentially if the home has not been flooded in the last 100 years you have very little cost and if there has been a flood in last 10 years then insurance sky rockets.

Our plan all along has been to flip it, but we've recently been discussing short term rental options as a viable (and possibly more profitable) solution, depending on how strong the market is.So, essentially you're saying that our CPA is correct: if we rent, Suspended Loss comes into play.

Wanting to get out of my own head and get some other perspectives on my strategy.I currently own a home in the Temescal district in Oakland that has appreciated significantly over the last few years.

Go sell kittens at a pet store, I don't know.So essentially if you think that the $20K price tag will give you a golden ticket Charlie, think again.

Any utah bigger pockets that have touched the Ogden "historic" district?

I grew up in New York and worked in Manhattan most of my career for a fortune 50 company that maintained building systems and my accounts were in the financial district (American Express, Merrill Lynch, Chase, Goldman Sachs, Deutsche Bank, Bank of NY, AIG Building) and I got to see first hand what 2007/08 did to people and that still scares me.

When working my ROI Math how does one factor a cash out refi in to the mix, because in my eyes by the time it goes through (6months) I will have a loan on the property with essentially zero out of pocket as I put my own money back. 

Essentially, you put 10% down and then take out a second mortgage for the remaining 10%.