In terms of taxes, this is what I got from my CPA< but i dont think its still right, seems VERY high.

There's a high chance that the tenant has abandoned the unit.

AND try to find a market where you do not have to compete as much with 2nd home demand - a place where people go to vacation but is not top of mind for a rich guy's vacation home destination (ski town, lake house, etc.).If you are asking for the secret market that returns 20% cash on cash without any renovation or difficulty, that doesn't exist.

They will allow your mortgage payment and any personal debt payments (credit cards, cars, etc) to reach about 45% of your monthly income.Programs vary all over the place so it's best to ask a mortgage broker which programs you qualify for.They like two years on the job, rent paid on time, no liens or judgments, pay stubs, tax returns and so on.FHA has a 3.5% down program plus closing costs.

Immediate body harm, life injury, and or property damage was a high risk.

I just don't know if my family and I should continue to pick up these types of condos with either no return, break even, or low profits.

You shouldn't have to pay capital gains tax.I would highly recommend you contact CPA To check the accuracy of my statement

There really isn't enough context here to determine whether this is "high."

If you're interested in executing the BRRRR strategy, there are a few books I'd highly recommend reading/listening to on audible(my preferred method)1.

You may get a better return putting your money in a CD.That said, new construction has problems of its own.