That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.

Here in Florida there are some opportunities to purchase a brand new home, cash flow, and minimize your capital expenditures for quite a while.

Of course, it always depends on what your purchase price is and Dayton does have cheap homes! 

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

Hi BPers, We have just made a purchase which is our 11th property, yah!

Me personally I am creating an empire and I’m purchasing more then 4 properties per month I need SPEED and efficiency and so do other investors because it is competitive.

I'm looking to purchase an investment property in Allentown PA.

You owe two taxes:A. capital gain tax on $150k ($500k sale - $350k purchase)  PLUSB. depreciation recapture on $100k of depreciation taken.Now, let's assume that you messed up somewhere along the way, and you only took $70k worth of depreciation instead of $100k.

I plan to purchase a primary residence, multi-family home (2-5 units, 'house-hack'). 

In Cleveland you could also purchase a property in an area that is improving or on the border of one.