This would be used as an alternative to the traditional wholesaler's assignment contracts In South Carolina they are cracking down on wholesalers and I want to make sure we stay above board.

What's up Jad, I'm 24 and a broker based in Sacramento.

@Caio Ferreira TorresHouse hacking a new every year is a best base scenario, but it rather difficult for all the points already listed.

I wrote a book called the Turnkey Revolution in 2017 and based a lot of it on advise I've given here on BP.

I guess the key question is will you be using this property as a 'home base' throughout your nomadic travels and how long would you like to keep this property as a home base? 

I am thinking the following:This would be a wrap around mortgage as I still owe $165k on it.Sale Price $245k (market price)10% down ($24,500)10% Interest 30 year (please tell me if thats a bad idea)Monthly payment based on 30 yr ($1930/mo + tax and insurance) = $2448/moPlease let me know if i left any pertinent information out.Any sleuths out there can check it out. 🤓 (1032 E Tucker St Fort Worth, TX 76104)

Based on what I see we'll get more like 3-4% this year on single family in most areas.   

With the I-87 highway expansion, Zebulon and Wendell are becoming great alternatives while Clayton is benefiting from the completion of the I-540 loop.

After all, I paid county taxes based on that.Or, if we were mandated to use the acquisition cost (195K), shouldn’t we apply the same percentage to it (as in 78% of the purchase price)? 

I have a healthy income and have built a solid financial base for my age.