@Peter Tverdov it depends on going wages in your marketplace.I would imagine labor costs are much higher in NJ than in MI.

Depending on the market you invest in, you may have enough to go all cash on the first deal and refinance to put money in the second deal. 

Hi Saul, it depends on what you're looking for - cash flow or appreciation?

@Edgar Duarte Depends on if you prefer owning real estate or want to be invested in the stock market.

Quote from @Unal Baris Kancoglu: Quote from @Corby Goade: Depends on the area and type of system you want.

IRS definition of a dependent.To claim a child as a dependent, the child must be under 19 or under 24 if a student.

The refinance step is where you pull out this equity, typically in the form of a cash-out refinance.Here’s how it works:You refinance the property at its new appraised value (after rehab and renting).You take out a new loan based on that increased value, ideally for the full amount or more than what you originally paid for the property.The goal is to pull out enough money to cover the cost of the original purchase and rehab (or even more, depending on the property’s appreciation).This allows you to recover your initial investment, which can then be used to buy your next property.5.

If I do move in the next few years because of the military, I will decide if I want to sell for the appreciation depending on the market. 

Depending on how this progresses, I may be making the North Carolina Attorney General aware of the situation.Hope this helps!

Quote from @Arvand Sabetian: Depends on your unit and size.