After all, you'll not have that much tax to pay on the 40K profit.2.

I like the way I can look at a property and do some math and can almost give an estimate of how much profit this property can make.

I don’t see much profit here especially with well over 300k into the deal .

Basically I'm using most of the profit/ cash flow from the property this year to pay down the note & kill MIP.  

I located a run down property that is on a very large lot in the center of town n a profitable neighborhood.

The goal is to raise capital from 2-3 parties to invest in a single property and distribute profits over 3-7 years.

homes and actually eliminate a good chunk of the tax so the profit is actually tax free.7.

You would then need to pursue a variance which is not guaranteed.Also, don't knock down any garages or sheds without first talking to the town for the same reason. 

My agent just told me that since my wife is on the title of the property we have to pay 10-15% foreign owned property tax on the profit, this is a sickening feeling because the value has more than doubled. 

I am re-allocating capital from appreciation plays into more cash flow plays but there are lots of ways to make a profit in real estate and only time will tell.