You can make good money in a boring business by following the advice of what has already worked (for both tenant, owner, and PM) and doing things better than 70% of the market.

If you did a cost segregation study on the property in the past, you may have to recapture the depreciation taken in the past.capital gain tax rates are 0, 15 or 20%There is also a potential 3.8% Net Investment Income Tax.Also, don't forget state income taxes depending on what state the property is located or your state of residency.Best of luck!

You do need a subscription to study the comps FYI. 

As I studied earlier, the first thing you should do is marketing, then get a call and do a property analysis to understand if it's profitable for you, then meet with the seller and sign all the necessary papers, then if there is a debt in the bank we do a reinstatement quote, then do a title search to check if there are any hidden debts, if everything is fine we look for an investor or flipper and sign an assignment of contract with him and wait for closing to get our money.

I am such a novice and only just starting my small multifamily property investment... very "boring" compared to what you are doing!

I noticed that the appraisal fee is higher than a typical 1 to 4 unit residential property, and they quoted and Environmental Study fee, which I have never heard of on a 1 to 4 unit residential property.

Here is a mistake / aha moment: cost segregation studies are worth it, even for a portfolio of  smaller properties!

I want a real estate agent with a hustler's mentality, who knows the neighborhoods, studies appreciation and deal analysis already, understands short-term rentals, and is potentially looking to be a scalable partner with me.

With SFR, they appreciated at a national average of 3.8% from the last study that I read in 2024.

2x House Hacker here in Los Angeles and a case study in the BP book, The House Hacking Strategy.1.