The entire teachings had gone from Nickersons conservative but a cash flowing small residential property, hopefully for 10 -15% below market, do immediate repairs, then slowly over time improve the property and raise rents, either refi cash out or trade tax free for a larger property.

It would/could be only 15% capital gains tax and yes you could/would deduct all selling costs including commissions and transfer taxes.

Taxes are the $100, so about $290 a month expenses. $110 a month in cashflow.

Thanks again for your input, and I'll probably reach out as I get further along in the process.Hi @Edward Zachary Samperio, the regulations aren't that difficult and I'd be happy to give you a quick rundown about the density limits, hotel occupancy taxes, permitting, etc.

Then purchase a Note, generate $250 - $300/mo tax free!

A rent payment isn't enough to cover the DSCR payment, HELOC payment, tax, insurance, and maintenance.

High taxes.

If your not ready to spend money on a software you can use tax records.

How much money, after expenses and taxes would he property make yearly?

Check with your municipality about how property taxes will change when you buy the place.