Account Closed the best tip I can give you is to take meaningful action.

@Yern Chao Your gain would be calculated by using the following formula:Sale price - selling costs - basis = gainBasis would be calculated as follows (simplified):Purchase price + improvements - accumulated depreciation = basisThere are other factors that contribute to total basis, such as closing costs, expenses prior to placing the property in service, other assets, etc. but we will use the above formula for the sake of simplicity.With that said, your basis is likely not $237,500.

When I read a book I highlight the parts that are particularly meaningful to me and write the page numbers on a business card.

As for cash flow, the newer/high-end construction homes won't cash flow, the older housing stock is much more feasible, but expect a meaningful amount of renovation. 

Thanks for all you contribute here too.

When I was talking to a buyer side MF agent in my state Virgina, he was telling an example case that $250,000 buys tiny small apartment buildings and that too in war zones.I am disappointed with his discussion.Is that true nothing meaningful commercial MF property can be purchased for $250K?

So, population growth is important, but it's meaningful only in relation to new construction.2.

Or ask that they contribute that price towards closing costs that way you can use your cash on repairs instead.

What are you contributing to the JV?

I believe these skills and tools will improve my chances of success.I am open to input both here and from members in my local area and appreciate anyone's contribution.