So far lots of the tax havens actually have taxes on personal income and capital gains.

50% rule is a very quick way to analize a property's potential cash flow.Take the monthly gross rents and dived by 2 (50%) the 50% is your operating expenses (which also include capital expenses according to this rule).

The things I mention, plus utilities, taxes, insurance, routine maintenance, capital expenses, etc.

Good question :-)I guess my main concern would be that the lending environment right now is making it really difficult to do deals unless you have a lot of available capital.

I'm thinking of staying the 2 years to avoid the capital gains tax and also, because its my first, to give me time to make mistakes.

Are they well capitalized?

Again, Flipper, you have managed to skirt the issues I brought up and stick mainly to the insults on me. 90% of your post that clarified your first post was aimed and calling me 'clueless' and 'ignorant' rather than examining or answering the questions I brought up.Sorry man but I don't consider your cheap shots, one-liners and strategically capitalized words real responses.But keep up the good work of posting extremely irresponsible statements and then when questioned, attacking the character of the person asking for an explanation.As much as you would like to think, the world front is not Candy-Land right now.

Capitalism, democracy, a fight against extremist terrorists on mid east soil, a commander in chief who does not get swayed by popularity polls, an honest attempt to keep america safe and a free market, free.

If you can buy and fix at 50% of market value, you could sell it on the cheap... get you're borrowed money back and 40-50k of working capital (in your example).

They bought a home expecting the only cost of homeownership to be PITI and never took account for lawn maintenance, utilities, cost of upkeep, capital improvements, etc....