A high cap rate could be the result of a relatively high net operating income or a relatively low purchase price or a combination of both...

I can relate.

@Josiah Halverson "top dollar" is a relative term.

@Brian Ortins there is information on mass.gov, but I can't seem to find the specific information I'm looking for relative to how to deduct the credit from expense deductions properly.A quick summary of the way the credit works.

I'm sure you could make that happen, I purchased a home once with a person I was not married or related to...

I have lots of relatives there as my Great grandfather went to South Pass for the gold rush and ended up homesteading a ranch nearby on the Sweetwater.

The free versions don't deal with any complexity at all.Unless you're a tax expert and understand all the intricacies of taxes related to rental properties I strongly recommend you find an EA or CPA who's experience with rentals.

If a buyer incurs an expense in acquiring a property, directly related to that transaction you may be in violation of loan settlements, cost disclosures, tax claims as to the true basis, the accounting requirements for settlement and could get sideways with TILA issues.

I have not made any investments of my own (other than building my house) and can't wait to get started.The reason I am leaning towards flipping houses is because I am good with my hands and find that my return can be directly related to how hard I work sounds promising.

Also, a wind mitigation inspection will determine cost related to hurricane coverage, and they really can't give you a hard quote without it.