Life will happen to you (and all of us) and if you are trying to rehab a home, imagine having no capital to tackle debt that is lingering around.

I'm pretty certain a large % would need to be paid in capital gains.

Does this amount paid to decrease mortgage consider against capital or against operation profit?

When we make a loan mod offer, we re-capitalize the arrears into a new UPB.

Many folks start with turnkey because its simpler and lets them put capital to work while they learn the ropes of higher-risk strategies. 

From some of the research I have done it seems like a lot of people recommend doing a flip first before purchasing a buy and hold in effort to build more capital.

He does not want to do a reverse 1031 for the high fee and potential that the apartment building may not close, and would like to still be more flexible in his timing, because he could do a construction 1031 and get rid of all capital gains on this one project.

. - some obvious answers from me, but owner financing and leveraging a partnership to handle the capital are viable options to keep your momentum going.   

I have the necessary capital and credit, I just dont have the income just yet.

Pillars will be established to avoid damage to the postal box.Investment offeringWith capital improvements of well over $100,000, asset repositioning, and asset stabilization we believe this will have a final result of a stable and prosperous asset.Current Asset financials (Annual figures):7 rented lots - $18,4801 Manager rented lot - $013 Park owned homes - $68,120Total gross income = $93,200.