If Uncle Sam catches you.... say good bye to your write-offs and depreciation.  

I didn't see your expected timeline (at $44/day interest) or ARV, so extra hard to estimate profits.Be sure to reduce your ARV 10% for realtors and closing costs and after-inspection concessions.Be sure to account for your silent tax partners- 1) Uncle Sam federal taxes & FICA SE taxes,  and 2) Your state dept of rev taxes, if any. 

@Travis Houck some other mentions I know of from their deals I've actually seen and do a really good job, find good deals.Reed goossens (Wildhorn Capital)Chris Jackson/Krista Testani (Sharpline Equity)Josh Eitingon (DXE properties)Sonya Rocvil (Berry Rocvil Enterprises)Jake Stenziano/Gino Barbaro/Dylan Marma (Rand Partners)Omar Khan (Boardwalk Wealth)Sam Bates (Trinity Capital)Sapan Talati (Enzo Multifamily)If I remember some others I'll post them too.

Specifically "Mahncke Park" which is right next to Broadway / Alamo Heights and Ft Sam Houston a huge an active military base.

@Sam Matyas it wouldn't be a blanket statement how much values have changed as it would be neighborhood by neighborhood.

Hi Damon,Definitely 1031 exchange, not ready to pay Uncle Sam just yet!

Originally posted by @Sam L.

There is a guy who posts the sam ad here in classifieds that says earn 15-50% in passive investments.

Sam is absolutely correct in that its definitely possible to cashflow with the right type of property and the right amount of renovations.

Originally posted by @Sam Valme:Hey @Phil Bottfeld.