Nonethelss my budget is a little over, but I have peace of mind I'm turning out a solid finished product someday soon.

welcome Den,you'll find that alot of your questions already have been answers over a dozen times on this forum and on other websites.breeze through the topics, google alot of real estate terms and check out a bunch of sites.just don't make up a "plan" for investing in your first 3 months - you'll be wasting your time.

It is nice when it happens but it doesn't make for a very solid business model.

Before you investigate anything regarding deferring your taxes it's always best to have a pretty solid idea of HOW MUCH your taxes really are!

if someone is going to take a chance on you, you need to do all you can to educate yourself on the business at hand -before they start wasting their time on you.

Because we dont know exactly how the units will look when re-painting and set, and also the cambridge market can be pretty volatile, (the units will be on the market in roughly 10 weeks from now) I'm going to project a per-unit price of =/- 10%, ie roughly 275 to 340k.Thus:Total sale price: 825-1020Commision (somewhat low, the realtor I am working with to buy the property said she would give me a deal if I also made her the selling realtor for the units): 35-45Transfer taxes, attorney fees, etc: 12kgross sale price: 778-963kSo we get a net profit of:102-275k Looks pretty solid.

However, that doesn't imply that it's not a solid investment, or that opportunity isn't strong right now.

And I wouldn't try to manage a rental without being less than 45 minutes away, unless its a building with an onsite manager.But rent is a waste of money no matter how you look at it..IMHO.And school loans have crazy low rates.

Typically before I sell on a wrap around, I make sure I have solid financing in place.

Very solid!