That said, i suggest you use Old Capital. 

We also have a Full time job, say making 100k each before tax, each liable for 33% tax on both state and federal combined.So my question is, on that capital gain of 10k, how much tax do we pay?

As a side note, by investing in a second property, you can also enjoy the capital appreciation which is often times the best part of being a long-term buy and hold investor.

Renovate the units as the tenants move it, it means less capital all at once, and you get cash flow from the other units while the unit is question is being updated.

I've seen some conversations on BP recently regarding balloon payments, refinancing, and interest rates, so I thought I'd share a short article I wrote for my firm regarding forward commitments and how they vary between different capital sources. 

Raising capital has important legal considerations so seek out a competent attorney w/SEC experience in doing syndications. 

I am considering investing with Castle Rock Capital Management located in the Tampa area. 

Second, when Capex is spent, it's generally spent as a Capital Expenditure (Capex) and is not a current expense item.

Because the way a good turnkey company makes money isn't by tacking on a premium, it's by capitalizing on economies of scale in the rehab process, having the networks to get distressed properties at great prices, and having their own wholesaling operations that scour the market for those opportunities to cut down on commission costs.

I am looking to get a good starting place for someone who has little to no experience or capital.