@Jay HinrichsMake sure to eat something fried on a stick at the State Fair :)

With my wife and inlaws either eating out or just seeing what Charlotte has to offer us.

And you're missing the financing costs, which will most likely eat up what ever is left of the profit.  

Grab a cup of coffee or a bite to eat and you may just find an agent that is willing to assist.  

I would be more than willing to trade some of my time or as many In-N-Out burgers as you can eat in exchange for a tour of one of your local deals! 

So in  5 to 8 years it would be nice to live somewhere else than here, because even though we want to retire early we have no aspirations to waste money on frivolous luxury items other than a vacation or two per year and eating all-organic vegan food and one day returning to college.

It's a good idea, problem is, by the time you get compliant, the costs involved will eat you up and your break even will require more loan originations than one underwriter can do in a timely manner. 

Hi @Charlie S. congratulations on finishing the rehab, everything looks great and give it time thinking about the income may eat at you and you will move into something else,  ;-)  i know i would. but you should be proud of your accomplishment it looks night/day from original,  great work!

Keep in mind that property taxes can be pretty high in Texas (2-3% of assessed value) which can really eat into cashflow for long-term holds.Best of luck and you have come to the right place!

My children are very young and I want to account for the expenses they will incur when they get older (sporting events, eating more food, school expenses, etc).