This way, you get to spread out those capital gains taxes over time, making your tax bill way more manageable.

However, since this would be an investment property (held for 1 year or less), ARS 32-1121(A)(6) requires all work be performed by licensed contractors if the cost of material and labor is $1,000 or more.

Mortgage, Taxes, Insurance, HOA: $3040.37Estimated rent: $2475Total Expenses: $3660.12Vacancy (5%): $123.75Repairs (5%): $123.75Capital Expenditures: $100Property Management (11%): $272.25Information when I bought the house in 2022, new constructions Purchase Price: $373000Purchase Closing costs: $4662Current home value: 400k-420kCash Flow: $2475-$3660.12= -$1185.12; -$71107.2 at 5 yearsCash on Cash Return on Investment (CoCROI): 0%Appretiation per year (6%); $535,290.23 at 5 yearsEquity: Loan value $345,089.53 at 5 years; $190,200.47 in equity at 5 yearsLoan Value today 6/2024: $368,201.59Total ROI in 5 years= (Total profit/Total Invested capital)/ Time (in years); Total profit: $190,200.47Total Invested: $71107.2 (neg cash flow) + $42757 (closing sale costs)= $113,864.20Total ROI (5 years)= ROI 67%, annualized ROI 10.8%My biggest concern is that I am relying solely on appreciation and assuming will appreciate at 6% per year. 

Hi M,I've been living in Dallas for 6+ months now and am yet to connect with any real estate folks.Maybe I'm snobby and thought folks would just cold reach out to me wanting to connect.But I guess not and it is up to me to hustle others to meet and network.Ahhhh, those where the good old days when I use to hustle others for a meeting... lolI guess I'll just keep all of the knowledge of flipping over 1,000 properties and currently managing over 400+ SFH all for myself lolJokes 😁

Reserves are key to managing cash flow stress and opportunities.

Start by talking to a bank or whoever you plan on getting the loan from to find out how much you can borrow and what the costs are associated with that.

For example, consider how you plan to manage being an owner and possibly a super.

I was going to say On DMonte, which is listed, aside from keep dropping price, all the way to break-even point (mortgage balance) eventually there isn't much else you can do, but I just saw its showing pending online... so did you manage to get it in escrow?  

You may be thinking of the FHA rehab loan, where you can wrap renovation costs of up to 110% of the purchase price into the loan. 

Welcome @Hogan Chouinard,Memphis is a city with a strong workforce that offers low-cost entry and provides consistent cash flow to investors.