Go out and have some fun and make some money.

If not I would probably spend my money elsewhere

Check with various lenders to compare rates and terms.Private Lender: Sometimes private lenders or hard money lenders can be more flexible with their terms.

Their net rental income for that year 6 (assuming 5% rental increases per year but increases in management fees, utilities, taxes, insurance) would be 24k.  

Hard money loan How did you add value to the deal?

Hard money loan How did you add value to the deal?

Hard money loan How did you add value to the deal?

Now what will you do when you lose money on a flip ? 

This makes it really easy at Tax time since all of the transactions for a specific property hit one credit card through the year. 

Yes, you read that correctly, the appeal can go either way or stay the same, you lose if the taxes go up.My brother appealed taxes on a house in Philadelphia and got a 12% reduction using the guy below:Jerald GoldfineRE Tax Associates of Pennsylvania LLCGood luck.