My goal is to buy and hold, cash flow with a $1,000 a month and aim to refinance to pull initial investment back, pay off lenders and use equity to rinse and repeat.Heres what I got;Property: Triplex in Lauderhill, FL - Advertised by wholesaler3 bedroom 2 bath - 1200 sq feet each unit advertised with rent comps at $1,500- $1,650 (realistically should be $1,000-$1,200)Listed at $249,900 with direct comps sold up to $300k - $315k in 2015.Estimated taxes $6,000 a yearEstimated insurance $2,000 a yearEstimated maintenance $2,000 a year100% Vacant now with 2 potential squatters according to wholesalerProperty is in good shape minimal rehab area is about a c+ near turnpike will be seeing property in person tomorrowLending:  HML - offered from mort broker - estimated payment - $2,000- $2,100/monthly (P&I + insurance+taxes) for $250k loan2 points upfrontno prepayment penalty  7% interest80% LTV20% downAppraisal $500Bank - From Guaranteed Rate - Estimated payment $2,200/monthly for pre-approved loan at $300k5% APR30 year FHA (option for 203k loan) 3.5% down (first time homebuyer) informed can cash out refi for up to 80% of equity after 50 days from HML closeAlright so my intent is to buy it cash with HML, aim to have tenants within 3 months, and cash out refi by the end of those 3 months.

If this is the case, then your LLC income and expenses are typically reported on your personal tax return, Schedule C (1040), under the same LLC EIN that you use for your payroll tax remittances.  

Hey guys I am a new investor and being at it for a year now and owned 3 rental properties, I have two properties that I recently acquired from an old friend that needed extensive rehab but got a good deal on the properties However properties are in C/D Neighborhood and rent about $600 a month.

A 65k condo in a city typically is a C/D area and could have high delinquency on rent etcRemember you make your money on your investment when you buy not when you sell.

Here's an interesting article: https://www.trulia.com/blog/7-signs-of-an-up-and-c...Local to the Tampa area, hot areas like Seminole Heights seem to be creeping outwards.

Please consider us clients (C) We will handle all inspections with town, pay for same, etc.  

My wife and I bought our first home, a townhome in a C+/B- neighborhood and happened to end up next to neighbors who weren't the best and we ended up being robbed by them.

The neighbor (B) wanted to use their real estate agent neighbor (C) to close the deal.

The long term sustainability of the properties located in C+/B markets is much more valuable then saving money on the purchase up front and having a lower grade tenant and neighborhood.

https://www.fanniemae.com/content/guide/selling/b2...Richard C.