Low interest rates contributed to this mindset, making it easier to cashflow.

.- Explore strategies like 1031 exchanges to defer capital gains taxes.Deductions and Expenses- Know eligible deductions: mortgage interest, property taxes, insurance, maintenance, and management fees.- Maintain detailed records of all real estate-related expenses.- Use cost segregation studies to expedite depreciation of your properties to offset large income gains.Entity Structure- Choose appropriate legal structure (LLC, partnership, or S corporation) with consideration for different tax implications.Tax Credits- Explore available credits, like energy-efficient or historic rehabilitation credits.Qualified Business Income (QBI) Deduction- Check eligibility for QBI deduction, providing up to a 20% deduction on qualified business income.Record Keeping- Keep accurate and organized records for tax compliance and audits.State and Local Taxes- Consider varying state and local tax implications, including property and income tax rates.Tax Planning- Engage in proactive tax planning, consulting with professionals for a comprehensive strategy.Tax Changes- Stay informed about changes in federal, state, and local tax laws affecting real estate investments.Remember to consult a real estate tax professional for personalized advice based on your specific situation.

Cash flow is only taking into account once the mortgage is paid, not anything else currently (Sewer, water, maintenance, etc.). 

A wave of new people getting into real estate, maybe fueled by low interest rates.

They have to be low-income, usually have kids, low education and if they work - a crappy job.

$20K a piece would be very low

I always tell people that I think one thing to consider in this environment is whether you have a high or low interest rate loan.

I would have probably kept it (assuming the holding costs were low) but this is a huge win as well!

umbrella 2. and under the cash umbrella are the options we talked about - your own cash, your dentist uncle's cash (private money), a local fix and flip lender's cash (hard money.)i did a BRRRR last year (that i ended up selling because it didn't appraise) and i bought it with my own cash because the purchase price was pretty low. 

Not too low either, you don't want to go with someone who is just focused on price as this is a quality of a not-so-great accountant.