Directly North is still A market-Shawnee)It looks good with straight investor metrics using Fannie Mae conforming loans (25% down, 7.1% rate with a few points) and easy ARV monthly rent of $1700/unit ( I get this number based on the exact same floor plan in Raytown with complete rehab placing a tenant at $1500, and Raytown gets lower rents than Roeland Park KS.)

even with higher rents once you calculate in the taxes, insurance and PITI based on the price its little to No cash flow.

Based on some of the answers here, is it worth the risk?

They are qualified based on the properties income vs the payment.

So, unfortunately, you're likely to pay close to 20-25% on the $400,000 (based on my loose math here -- please check this with an accountant who is familiar with Idaho).

Based on my understanding now,  in theory, if you pay your kids $599,  you kids could still face SE tax obligation even if you don't give them 1099-Misc.

However, I would appreciate further clarification on what you mean by having a Plan B, C, and D.In my experience playing the BRRRR game on a smaller scale, typically with homes valued around $200,000, I have found that it can be challenging to generate significant monthly income, Instead, the focus is often on building a portfolio without having to make substantial out-of-pocket investments, which is indeed advantageous.

Mario,They will know what to look at believe me and will understand what role depreciation plays when it comes to taxes.

I’ve seen a bunch of posts here over the past six month on BP where people seem to be betting big money (some call it investing) based purely on someone’s charm and word.

What web-based solutions are you guys using to keep track of your portfolio?