Hello BP, looking for some perspective/opinion on which route to take with $50K cash with the goal of long term buy and hold: Pay cash for a BRRR - $50K Purchase (finance) two $100K properties - $50K down payment (in total)For simplicity, assume my numbers/deal are spot on and the cash flow in both scenarios is the same.Pros of 1 BRR – Left out the R for repeat...as I would hold on to the property - No loan, one property (with same cash flow) – slightly less maintenance as only one set of mechanicalsPros of 2 financed properties – Leverage, mortgage paydown by tenant, more potential appreciation (2 vs 1 property)Cons of 1 BRRR – less rehabbed (just rent ready) vs 2 financed TURNKEY propertiesCons of 2 financed properties – lower cash flow per door, paying additional (taxes, insurance)thoughts?  

The right of the telephone poll is the neighbors yard.

I'm planning on jumping into the upcoming Jackson County tax sale with both feet this year and I'm wondering if anyone here has any experience with this process and any tips on what to look out for (potential risks) from acquiring one of these properties.

After P&I, taxes, insurance and $100 into bank account we split $200 cashflow.

There is a BiggerPockets forum on notes and tax liens too if you haven’t checked it out : https://www.biggerpockets.com/forums/70-tax-liens-notes-paper-cash-flows-discussion

Elderly owner of 20 unit complex selling portfolio but suffered significant tax consequences ( assume capital gains) when sold her previous property. 

I believe north Las Vegas is currently the only city that will let you run an Airbnb with the only restriction being fees/taxes/licenses.

So you don't just pay taxes on the gain, but also depreciation recapture.

As long as you have 2 years of tax returns showing your income you'll be fine.

Here is what I am looking at:Purchase Price: 150-185K Duplex with Garage.Area Rent: 1000-1200 per unitDownpayment/Closing Costs: 8-9KMortgage Payment(Includes taxes, P&I, home insurance and PMI): 900-1100 per monthInitial Repairs: 2kLeft over Cash: 7KMy thought is to purchase as an "Owner Occupied" (that's how I would get the 5% down).