Or are you thinking of this as a possible "value play" where you can raise property #1's CAP rate to a 9% or so then reselling it to another landlord investor at a 7% CAP?

But, seems to me that no matter what the thread, if taxes play such a huge role then they should be mentioned regularly, regardless.

How much does appreciation play a role in this analysis?

I guess I am just looking for validation on the approach that I am currently taking in my buy and hold strategy.In 2009 I had $15,000 and 5 acres of paid off land (worth $15,000) to play with.

(YES it ended but politics have artificially kept it going)My advice, don't raid the toy box because eventually you will want to play.

@Rhonda Chesley Calling North Bend the "Eastside" is playing fast and loose with the term.

I've also played with numbers to see if certain properties were good investments.

My advice would be to start with 20 postcards a week ($9 a week is easily affordable) and work on handling the calls and creating good scripts and systems.

And, I don't see that as playing the system!

I started playing around with "Preferred Return" and relationship with "Projected Returns" and noted how sensitive the Projected Returns were to the Preferred Return.