As long as I'm making an 8% preferred return, realizing tax deferrals, and if there is a possible upside at the end I'm happy. 

1. get deals flowing from wholesalers2. do your own deal research3. find houses that need a lot of TLC4. make sure you have a true comp (more is better) within 1 mile of your subject property that justify a good ARV5. run the rehab numbers w/ someone who really knows contracting6. build in a robust timeperiod to rehab and sale, along with contingencies for time and rehab7. get the best hard money deal you can get8. take into account all of your acquisition fees, escrow, title, HML points, etc...and selling fees (agent comm, taxes, title, etc)9. make sure you can at least make %10 NET of your sell price (so if you sell the home for $500k, your numbers should have you at $50k+ net profit in your pocket when you close and everyone else is paid.Onward!

Best bet is VA loan f you have that, fha or 5 percent conventional.You’ll need the downpayment plus 4-5k in closing costs depending on taxes and insurance

Taxes - At tax time you will be filing a Schedule E, so simplify your bookkeeping by using categories that match well with that form.

Trying to determine a consistent, low cost lead generation strategy and sticking with it.I find myself dipping into using different lists (tax delinquent, code violations) and driving for dollars and also looking to do bandit signs.I need to pick a strategy and stick with it until I get my first deal or 2, then use some of the money to start a direct mail campaign which is a common them among the successful wholesellers on the BP podcasts.

In addition, in my opinion you'll get much more rent for the third unit than the rent increase.Spend some time figuring out what your property is zoned at (probably in tax database).

If incomes are $72,000 you're left with $38,200 to pay Taxes, insurance and all other miscellaneous expenses.

Have saved up about $100k+, could be more if I sell off some stock, and am looking at the Bronx as a market (maybe nearby NJ, but have heard it can be tough with property tax so high in NJ).

If you are conservative want to count on the income as pension you can cash out the balance and expect several K income with tax and insurance obligation.

@Kori Ford, going through the process of the tax auction should wipe those liens clean...