So, you could potentially avoid paying income tax on all profits!

@Barre Gambling I am curious... in your opinion, is our area in central NC underserved outside of the Raleigh-Cary-Durham MSAs?

Central Ave has a number of unique, local restaurants and drink spots (laundromat speakeasy with bottomless mimosas and Cuban food on Sundays).Good luck!

Avoid the packaged, generic marketing programs.  

I think it should appraise for at least 600k and think 650k is reasonable.It’s fully renovated and fully leased for $5,200/month.I’ve reached out to banks to see if I could use cross collateral to be my equity contribution but at least so far they’ve also wanted 10% cash.I’d like to avoid coming out of pocket with cash.I was wondering if you had creative ideas on how I might be able to get this financed 💗

Or, the opposite: avoid such and such investments because you pay a lot of taxes when they grow.

I am really leaning toward multi family units.If it matters I am in Central Michigan.ThanksShawn Realtor's license is not going to help if you plan on buying and selling properties yourself.

@Clare Pitcher we do 12+ month leases to avoid vacancies Nov-Feb.If we take over an occupied property, evict or have tenancy-abandon a property, we first let the owner know finding a tenant will take longer than "normal".This opens up owners to understanding they may need to:1) Offer 3D tour and floor plans to stand out2) Price more aggressively or be prepared for aggressive price reductions3) Offer MoveIn Specials:- NOTE: we do NOT recommend offering a month of free rent that can be used at MoveIn.

The more you know, the easier it will be to spot a good deal and avoid overpaying.- Build a Strong Buyers List EarlyA solid buyers list is your safety net.

I avoid condos unless it is a quick flip.