You have to do an analysis of what the cash flow is taking into account - mortgage loan and rate, insurance, taxes (High in some parts of Texas) Vacancy, repairs, cost of processing applications, showing, writing up leases or paying property management to do it.   

Currently, I plan to hang on to the cash, and put it into my business savings account while I make further plans for the future.

Account Closed Any other recommendations for places to look?

It's accounted for as a whole property. 

Originally posted by Account Closed:How can he wholesale it on the MLS?

Account Closed counter the offer and then wait.

Plus, no one other than your accountant (hopefully an investor-friendly one) should be advising you on all of that.

A lot of the calculations I have seen have not yet taken into account how tax law changes will affect their bottom line. 

Originally posted by Account Closed:Can u do an onwer carry then find a new buyer at 1400 a month and sell it to them owner carry, and keep the spread You can't sell something you don't own.

In NE Florida, jax, all auctions have gone online, 5% down, 95% rest is due noon the next business day, via cashiers check, bag of cash maybe..the big boy players store their 100% full cash with the court account already....ive also heard local escrow account will wire that morning too, which makes sense, .......Im interested in auctions, but until i am 100% all my own cash, i feel it is almost impossible to get a hard money lender to move 95% of the cash by noon the next day...no way.... to me, you can pretty much rule out using hard money all together to fund online auctions...they don't seem to go together.. it is 100% liquid own cash or private money ready to wire from escrow..