Any ballpark idea what percentage our property taxes would go up if we went from 2 to 3 units and how does that get plugged into the calculation?

Since this is an investment property and in a different state (Texas instead of his prior experience in New York) how much of Johnny's $105k profit can he expect to keep?

I am also extremely interested in Portfolio loans, but I have zero contacts dealing with those types of loans.Finally, I have an 'excellent' credit score, no debt at all besides 5 other rentals at 75/25 LTV (all cash flow positive) and a job that I claim over 100,000 in taxes, and have three years of consistent tax returns showing that.

I don't care if peddlers peddle appreciation/tax benefits/blah blah.If inflation is at 8% yoy, then appreciation of 3-4% in real estate yoy on average reduces your wealth.Thank you for this post.

If the Florida property could cash flow or at least pay the mortgage taxes and insurance, utilities ect then they would just have a payment for their house by me.  

When investing out of state in is important to have your team in place prior to purchasing a property.

She might not qualify for another loan, unknown it depends on if she can show it as positive rental income but with your plan it sounds like she won't have tax returns in the future to make this work. 

We know this from historical tax court cases. 

So you did all the paperwork on behalf of the owner prior to purchase?

(plus higher property taxes due to the new assessed amount)2- I don't have cash for the rehab yet, so any advice on going about sourcing the 100k?