It also must be coordinated with your Real Estate attorney since we leases are involved. 

Your number will probably be different.2) Apply that to your current cash flow model, and combine it with some negative outcomes.

Hey guys, I am from the Chicago suburbs area and I am involved in general contracting!

@Gregorio Martinez The capital gains tax does NOT apply on assets held less than a year.

You should also not be involving the parents...they are not on the lease.

Can you tell me if the option fee is supposed to be applied toward sale price at time of sale?

What is the best strategy to apply for multiple loans with minimizing impact on credit score.

I have been looking into the Fort Worth/Dallas market, but I have a little while before I can actually apply for a loan because I currently have no income.  

Have complementary skillsets and spell everything out in writing.I think folks just need to understand that buying rental properties is a business small medium or large... same principals apply like what your talking about.. just because in the US our lenders allow for this aggressive leverage situations for inexperienced investors does not mean one should just go hog wild  when they start..

A seller could misrepresent a property, repair issues could arise, all of the same reasons an investor could change their mind on a purchase that are discussed here at length can apply to a wholesale deal.