Plus add in all the sweat equity (I do have the tools and capacity to do my own live in flip, it will just take time.)Sell House: It's worth $335k today, and while this is an appreciation game, I'll assume the same.

Look at it this way, knowing what it takes to rehab a property and the associated costs for parts, tools and labor is one of the hardest things for a lot of people to come to understand, and you're already miles ahead there. 

Promised to get  It's a good tool but a poor way to screen someone because it doesn't give you enough information of income continuity (let's say the tenant's child support/alimony ends in 6 months).

Purchasing a house "subject to" the existing mortgage and Lease Options are common tools.

My keyword search brought up this thread, and I'm curious what analysis tool you ended up liking.Thanks,  Janel :-)  

In addition, are there any tools you recommend we use to make real estate investing an easier process?

Your "Pro" status will give you access to some really good tools here.

Once all that is done, I calculate the tools I need for the job.

I am excited about joining Bigger Pockets which has a wide amount of resources, tools and seemingly great people.Hope to start interaction with many aand possibly closing on something soon.I am hear to learn.

While it's entirely possible to rack up huge income tax bills with huge effective tax rates, there's plenty of tools available to mitigate if not outright avoid these bills too.