I’ve seen some agreements out there that leave a lot up to interpretation. 

Here's the numbers:Purchase: 136k, 5% down = $6800 + closing costs and prepaid insurance will be roughly 10k downARV: 175-180k, have to see how the neighborhood does in the next year, my realtor firmly believes 180.Rehab: 15-20k, all done by us.So after putting 20k into the property, that leaves roughly 24k of capital gains tax. 

That leaves you $600/mo between gross income and base expense (PITI).You estimate putting $50k towards repairs, which means these units should be TOP OF THE LINE by the time you're done with them ($12.5k per unit) so your rents could even be higher if these units are all cherried out.Big thing about this one is the property has been on the market nearly 6 months... so it's overpriced for sure.The fourplexes just on the other side of I-10 sold for $250-300k... yet these two up top (including yours) are asking $400-500k??!?!

Might as well leave some gourmet chocolates on his pillow too while your thinking of fulfilling his demands .

That means a target of “Infinite “ CoCROI. 12% means you left a significant amount of cash in the deal.We want all of our cash back so we can invest it in the next property.The reality is we end up leaving some cash in some of the deals for one reason or another.  

If you're 90 days out from maturity on the 1st, your primary goal needs to be refinancing out of that piece, even if it means leaving your $30K in.  

Sometimes, it's a church whose members refused to leave while the area deteriorated around them.

If they have to leave sooner, tell them that they'll be responsible for rent until you're able to secure a new tenant. 

I'm in a position where I can leave my job and live for a bit on a pretty decent bonus.

Received a $1M offer on a 16 unit building that I purchased back in March - leaving me with a nice profit.However, I am expecting 30% in short term capital gains between the state and federal and a prepayment penalty of $6000.00.Thus, unless I can 1031 into another deal...this transaction may be tough to put together.Any ideas on how I should source deals and find a way to defer my taxes?