@Dave Foster or @Bill Exeter can give more specific details.

The loan, OTOH, has no effect on the taxable gain.I would advise you to sit with an accountant or financial planner and go through the number in detail, with consideration of your other income, and discuss future goals.

This gets a little more complicated, feel free to contact me offline about more details.

That said, here are some details of my first deal:Location: Toledo OHType: Duplex (2/1 @ 2)Purchase Price: $49,000Appraised Value: $62,000Current Gross Rent: $1065Market Rent: $1,2501% Rule: 2.17%COC: 17.37%Financed w/ 25% DownThis is a long-term buy and hold.

If you want to PM me I can share details on my own experience and also put you in contact with a few people that do alternate types of investing for out of state folks such as yourself In the end...I would take the time and money back and invest it in networking and building my own team.

I’ve run a comparative analysis so I have a good idea of what the ARV will look like when it’s all rehabbed and ready to sell.

I have over 100 clients in a particular program.I'll send you a PM with the details.

I strongly advise that you should always have a conversation to have a mortgage professional vet you with basic information first.I could get into a great length of detail on almost everything I touched base on, but I tried my best to keep this short enough to get to the point.

Here are the list of things that bother me about this analysis:1 - Vacancy is too low. 

Do you happen to have more details on the meetup in castle rock tomorrow?