@Daniel Raposo, really great to hear that BRRRR can be a reasonable strategy at this stage in the game for the right deal.

Say what skills or other knowledge you have, anything you can bring to the table.

Michael brought a new prospective to the table I never thought of.

Lower price markets it happens for sure, but its a different game here. 

Also, there are many people here to offer great advice and wisdom when working through any of the deals that you may have on the table. 

Lenders sometimes get in on this game too, alas (especially if it's new construction and you took the bribe to use the builder's "preferred lender" - that's the whole point of the bribe to use that lender!).

You will then need to apply regular tax to the $9,700 using the tax table to get $973 in tax. $5,220 + $973 is $6,193 in total tax.

Rinse, Repeat.I am very new to the game, so like I said, take what I say with a grain...

That will tell you whether the property produces cash flow, or bleeds cash, a fundamentally important question.Assuming a specific amount of appreciation is a gambler's game.

Clearly, there is money to be made purchasing distressed properties, making minimal repairs, and renting them out to Section 8 and VA voucher recipients, but this doesn't necessarily help stabilize a community because the residents have no skin in the game.