However, two oversights have affected my calculations: (Both dumb mistakes I can only blame myself for)Higher-than-expected property taxes and municipal fees in University Heights compared to Cleveland proper.Overly optimistic rental income estimates.After adjusting for these factors, including property management costs and other expenses, the revised cash-on-cash return is about $12,000 annually, slightly over 5%.

Taking it out paying the taxes and fees and then investing it might be even worse. 

I had no tax liability in 2022 and now here in 2023 I do.

This will reduce your turn times allowing you to scale much quicker... not to mention reduce the unknow variables that come from having to wait for longer seasoning periods.The main benefit I see with a DSCR Loan is you don’t have to provide your tax returns and provide the documentation on all your other properties.

Flipping is active income, not investing, and it is taxed as such. 

Hey guys i have a question about refinancing... i have a deal now 110 k condo i running the number this is a olace with no equity but i cash flow i can get $1800 market rate and  section 8 around $2000protpey tax 1500 annual 250 hoa snd now depending on the loan now my question how can i get my money back and which loan or mortgage to take if i put 20% 20% down?? 

You might find there was a local/state/federal grant that’s been used up.

It's a sweet tax break for sure.

Plus, since our guests stay for more than 30 days, we're not subject to the short term tourist tax & licensing.

Need more tax shelters?