Would you call in Goodwill or a similar organization to donate all those items?

Part of the costs are modest management fee (5% in leasing I think), an asset mgt fee of 9,000/year (1.3%), 5,000 / year acct/legal/organization, vacancy/repair/maint/misc util/ tax/insurance.. then the loan which refinances 24-36 mo which hurts cash flow but returns all capital**[I think you should achieve a 11.3% CAGR by initially investing 630K (615 initial + 110 year 2 minus cash flow), getting that money back and investing it in the market @7% and adding 35k each year till year 10 from teh cashflow.

I am about to choose the stone and siding for my first property, which is a 3-level multi-family unit in Elizabeth, NJ.

@DJ Dawson thanks, yeah I’ve done the exterior walk around and the landscaping of the front definitely needs to be re-leveled abunch of stones underneath, dry rot, gutter, electrical potentially, few Tre stumps in the back yard, recreating driveways etc

As I am getting organized to meet with my CPA at end of the month, I have realized I could have done this more efficiently.

Steve - This depends on how the entity that the profits are being retained in was organized.

@Nicole Stone.

Congratulation on your organization and goal setting skills.

We've been looking in the Stone Mountain area, and see on Zillow that quite a few homes were flipped in the area.

And yes, it is an aggressive goal but it's not written in stone.