I get $700+ net monthly cash flow and internal rate of return 19%.

Property used as your primary residence does not qualify for 1031 Exchange treatment (it falls under Section 121 of the Internal Revenue Code).

I suggest the HP 12 C or the TI, BA II, both are accurate within one tenth of one percent, the accuracy required by federal law in disclosing an APR to a borrower.As pointed out in the link that Bryan so kindly provided, the CAP Rate, as stated is not a correect calculation as explained, however it went a little limp when speaking of appraisal methods and weighted significance, not wrong but not correct either, it would be better for any student to become familiar with other financial and economic considerations; Look to a Manger's Internal Rate of Return and Opportunity Costs of investment choices or alternative investments, this is where an appraiser will be seeking the cap rate for a subject property, with other investments (not necessairly real estate) can provide a return to an investor considering risk, knowledge required to manage the investment, costs to enter that investment market and managerial costs that will provide a similar yield on the net amounts invested.How did we get so far afield from amortization?

They are personally motived, not externally motivated (ex. internal score card to quote Warren Buffet who still drives a Lincoln Towncar, not a "Lambo").Often those who flaunt wealth...are actually not wealthy at all, but have a life that is financed by debt.The reality is that most of those people are the working poor.

But more so... understand how to Analyze all kinds of calculations and one that I really use extensively is the Internal Rate of Return (IRR).Let me know if any of my numbers are incorrect and I can re-post with correct numbers.Investor Llew

It should not take $'s from investing and in fact could create a good foundation as well as contacts BUT if it's not what you love (selling real estate) it could easily create internal friction as you work on helping other people buy & sell rather than doing it yourself.It all depends on YOU.

Where's the problem.The problem is that 46% of US citizens don't have a passport .... which makes that policy indirectly discriminatory .... go ask an attorney next time.When an applicant refuses to produce SSN to help me evaluate their creditworthiness I make an immediate demand for evidence of their ability to travel internationally.

This is in line with what I've been reading--  The Series because I plan to keep investing in TN, and the S Corp to avoid SE taxLeaning towards going with Cheri Hill from Sage International for $1790 for the Series, and $995 for the S Corp.

As a real estate investor there should be no surprise that the government incentivizes things they want people to invest in! 

I have a two bedroom 5 miles away from Dulles International Airport (IAD)  and 5 miles from Metro stations (DC Silver line)The property is 2 BR and has two Master Suites and a Full kitchen and Dining room.The Basement could easily hold another bedroom but there the laundry room would have to be refitted as a full bath.Purchase Price is $350K$1800 a year in insuranceTax rate is 1.15%Assume 4.5% mortgageHOA - $80PITI @ $2300Average Bedroom rate is $55 per nightAssume 20 nights per month 3 bedrooms$3300 steady state RevenueHere is the list of things i would be willing to pay for:Upgrade to Kitchen - Countertop and AppliancesUpgrade to basement - Put in Full Bath and Stacked washer/dryer 50 inch LED TV for living room and Basic Verizon FIOS for wifi and cable Utility support for six months$100 of Uber Gift cards for 12 months for your guestsGood Coffee and Great Meat & Cheese monthly baskets for 12 monthsMake sure your revenue matches $300 + PITI for the first six monthsWhat am i forgetting....i need to sell in August / September so i have some time to deliberate.