Purchase price: $519,995 Cash invested: $519,995 Sale price: $610,000 My plan was to invest in a new construction 3 bed, 2 bath house and rent it.

I plan on doing a cash-out refi to get that tax free money back outI'm not doing a 1031 because I'm moving to Georgia after this sale and have a lot of other moving parts to think about.

Purchase like so, use 401k loan to rehab, then rent and refinance is the plan that I am considering for my first property.

I don't plan on dominating the niche haha, I want to scale to bigger properties, but I want to gain experience first.

We can go there and have a look anytime before then, and I can send EMD if everything is as I planned.

If yes, and if you do not have much experience yourself, I would engage a local civil engineer to guide you through the initial planning phases even before you get to design & construction. 

They should be able to send you an address of a rental they own.2) If they plan on sharing a BP Calculator sheet for each and every property they send you.

@Llewellyn ClarkeIf you don't have the money you can set up a payment plan with the IRS.

I think most would disagree with the 15 year strategy but if you can afford it, its not a bad plan to build up some equity.

We plan on slowly bringing rents up until a tenant moves out and then we can get true market rent.