Hey BP family I have a quick question.

Once you start talking with people at REIA meetings things become real quickly and the possibilities go from textbook to real world quickly.

Great job growing quickly with super low cost properties.Just don’t forget that there will be bumps along the way, especially when dealing with lower income housing. 

Too many people believe the hype of get-rich-quick gurus trying to sell you a book or a seminar.

I'm a property manager and I bend over backwards to get a new listing on the market quickly.

It would be a quick flip or a buy and hold at about 25% ROI.

A dog and a 2nd person are pretty minor, but little lease violations can quickly turn into major problems if your tenant learns he can do as he pleases.

My original plan was to rehab and flip the property, but as I approached my close date, it was apparent to me that I could just close and turnaround and quickly sell for a profit. 

@Debora Monteiro, the tax code can get confusing quickly - especially if the property was owner-occupied for any portion of time. 

I get it, the forum is here for the discussion but I want to encourage you to make every effort possible to find the answers on your own, exhaust all efforts to get the information you are looking for before asking people to answer the question for you, more often than not you will find the information on your own or you will refine your question to the point that it becomes interesting enough for people of solid intellect to respond to.