Reality yes, I should have given her notice to move when he said he was leaving. 

Maybe they need a wakeup call that they have X days until their home goes to auction and they don't want to face reality. 

In reality it may be more than 50% depending on the property age, occupancy, and other factors ("all bills paid" have higher expense ratio than 50%).CAP rate is derived from comparable sales.

Then the realities that you mentioned hit me.  

@Rob SmithAnother harsh lesson in the realities of the world.

In the eyes of the IRS I believe I qualify as an investor and not a dealer which would have me pay capital gains instead of income tax.Now, the reality is that short term capital gains are still taxed at your marginal income tax rate, so it is still treated as income tax in that sense.

So, been given such a high hope and later realized this is not true, I have spent a couple of days to readjust my anticipation / mind set and basically feeling a bit frustrated....I really thank you @Raechelle Carroll for your great advice, your advice answered many of my worries and helped me understand the " reality truth " .I am hoping to start out as a wholesaler, rehabber, and looking forward to connect with likeminded !

There really is no such reality as something for nothing.

The reality is also that another investor would have paid more than I would have I wouldn't have gotten the house. 4) Don't put a house on the market less than 3 weeks before Christmas.

While having plan A succeed is ideal, reality will not always conform to your expectations, which is why you need to have plan B and plan C in place just in case.