.$690k - $336k = $354kDown payment = $354k x 25% = $88.5kThe house looks like it was bought at $450k, so I am assuming that I will need to come up with around:$690k - $450k = $240k cash in addition to the down payment, Bringing the total to: $328.5k for cash to seller and as 25% down-payment based on the above.I hope I got all of the calculations correct, and honestly, the more I dive into it, the more I don't understand.

If I don't he'd get all hi money back.Clearly I won't make a huge profit on the sales price if I sell below the developer price but I'll make some additional profit on the financing.

My family and I vacation frequently around the Traverse City area and would love to have a place that we could use part of the year and also would provide some additional income. 

In addition, a rehab deal OOS certainly contains risks and pitfalls for Beginner investors.

Let's say you waited a year to get Capital Gains versus Personal income tax rate= 15%, then after tax= $264,000.B. 

Also you vetting a tenant is crucial here:In these types of leases the tenant is responsible for paying not only the base rent but also all additional expenses associated with the property, including property taxes, insurance, and maintenance costs.

Additional Approvals from the State?

However, with the cost segregation study, you could deduct an additional $80,000 annually for the first 5 years due to the assets being reclassified ($400,000 / 5 years).

Additionally, the use of ceiling fans in these areas can further assist in distributing conditioned air more evenly throughout the house.

Hopefully, this makes sense and I can gain insight to better understand this, thank you for reading this. purchase price: 70,000square footage of subject property: 1,500