Thinking about making the first purchase:roughly $90K sale pricePlan to purchases with 100% Home Equity Loan 7% interest only for 12 monthsInvest $20-30K in renovations (using 7% interest loan)Anticipated value $150KThen Refinance $90K with conventional mortgage before the 12 months are up.It will cash flow $300 /month based upon current market rentals.Question: Could I also consider selling property where I finance?  

Peter,That does not sound accurate based on having a Schedule E and being able to take those deductions as well as other standards.As an investor it’s not a bad thing to show more gross income which usually allows you to buy more properties with more income and a lower DTI.

I'm a fan of flip and hold in Baltimore as well. 

It’s based on their purchasing power, which I know changes at 4 because 5+ we will calc DSCR to determine LTVs. 

We may need to make another trip to go check that market out.No worries, if you ever want more advice on the market , I am happy to offer some of the knowledge based off experience.  

I’m currently an investor based out of the Los Angeles County area and would be great to network as well as offer any help or share any deals that I may come across.

This may be easy enough for most states and their relatively simple tax regimes, but states like California, New York, Texas, Pennsylvania, and a few others have some quirks to them.For example, California makes disregarded single-member LLCs file a tax return, pay an LLC tax four months into the tax year, and potentially pay an LLC fee six months into the tax year based on estimated gross receipts.  

They are about $100 for a 3 foot base cabinet.

Big fan of House Hacking How did you find this deal and how did you negotiate it?

DSCR loans for refinance based on the income potential of the rentals.