Hey everyone,Reading through certain forum posts and articles, the concept of Internal Rate of Return and Net Present Value was introduced to me, by a number of different people, both here on BP, and elsewhere.I've been doing some extended research into trying to understand the concepts, and I have a pretty good understanding of both the theory and the use, but not necessarily the actual calculations.

WinThe first is a function of your analysis, which in tern is a function of your experience. 

Here's some general information:http://www.irs.gov/Individuals/International-Taxpa...There are very critical and important tax elections you must make in the first year of investing in the US.

It just didn't feel right...Once I felt inside money isn't everything & that I didn't internally feel "right"..I walked away....Few months later, I found a wonderful property that I am closing on next month!

I was living in NYC and when I decided to change careers (in my last life I traveled internationally 200+ days/year), I chose real estate because there was little or no viable software for selecting good properties.

Greetings @Eric Baum,My group along with @J Benoit is the largest turnkey operator in Birmingham offering properties to both domestic and international investors with acquisitions, renovations and property management.  

I take it that you were an international buyer ergo Frankfurt as in Germany.

You may want to check on HOA policy if they have material requirements and if you need their approval for internal renovation; make sure you do your due diligent and double check the prices of all material.  

It's got an internal door that connects the 2.

I just wanted to jump in here to clarify that the transaction above was a 1033 Exchange (Section 1033 of the Internal Revenue Code) and not a 1031 Exchange.