I am buried out of US with family and other commitments and cannot fly transatlantic on every whim .I’m finally going to sell and looking to reinvest for another ten years by exchange 250K of profit.

At the company, I work with we are affiliated to a RE hedge Fund, which is pretty sweet if you need the financing, capital or if you do not have the capital we could take over the deal and pay you a 25% of the net profit once we sell it. 

Colleen, You are totally right about the cash flow and as far as I’m concerned I would be happy giving that to them I’m more interested in proving to my self that I can turn a profit on the property and the experience I would be getting.

Most I've seen are content to calculate the boot as profit first and depreciation second.If the latter then whatever you take out will first be tagged as boot from profit. 

Its a 50/50 split on the profit end.

He then makes a profit.

Because we got it for such a great deal I am trying to figure out if I should put a little bit of money into it and flip it for a rough profit of 20k-25k and use that money for a down payment on a duplex, triplex or fourplex.Would you guys hold it and rent it or flip it and use the profit for more units?

Building was reassessed, so taxes went up, eating away at my non-existent to negative profit margin, and making this financially more precarious. 

Seems like a novel idea but I would want to see the numbers and make a decision how profitable such a process can be.

If I can be sure I’ve covered all of that, I’m happy even if I’m not technically making a cash profit because any money I take in during 12 months of no big fixes will be wiped out eventually.