Buy + Rehab = 100k-120kARV = 165K-180KA genuine Thank You for your responses!

Thanks for the response. 

Thanks for the response.

I was simply asking if this is common practice to move somewhere with the expressed purpose of investing to be able to afforda different location.

If you cease to occupy the residence as your principal residence for a continuous period of one year or more, the interest on your mortgage loan may not be deductible for Federal Income Tax purposes."

@Anthony Dominguez the people you hire are "sub-contractors" so they are responsible for their piece of the work. 

:( I looked into Bulk Mail but am concerned with the response rate I May get.

Thank you all for your responses.

hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.

Come time for eviction will it be more difficult to process with the rent being paid by the employer rather than the tenant.Make it crystal clear to the tenant that any issues with the payment of the rent the tenant will be held responsible.