Either way, no social covenant you are breaking by asking.

Repeat: If we can hit our target ARV of $215,000 then we should be able to refinance out all of our initial costs and get all of our cashback to do another deal.

The rest is just ego, pride, desire for social acceptance, image and need for admiration.

If I have learned anything from BP, it's  don't set yourself up for failure by underestimating your costs.I have yet to start a marketing campaign because I don't know where to market (SFH, Multifamily, etc.) to target to get the best bang for my buck. 

You have to target 3 to 4 unit multifamilies with units that are large enough to accommodate a minimum of 2 bedrooms (3 bedrooms would be even better).

I have family/possible investing connections in Minneapolis, San Antonio, Iowa City, Quad Cities, so if you have targeted advice for scouting in those markets I would also love to hear that.Thanks for your time BP!

Our target is $100 / sq foot.

This can help give you a better analysis of your returns.What communities are you targeting?

Im a new investor Im looking for an area to target.

@Richard Lima, If you owned the property free and clear then your reinvestment target to avoid all tax and depreciation recapture will be the amount of your net proceeds (the !