I ended up doing that in 2021 and found properties that have made me money rather than costing me money every month. 

Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.

I think its a scary feeling, like the cost of entry is too high.

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

Hi all investor here with a sfh property in Oklahoma, I have been having ongoing plumbing issues almost every week with toilet clogs etc since last year, and recently they had to repair the sewer lines and had to excavate the backyard and living room floors costed me tens of thousands of dollars.

In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.  

.✅ This avoids wasting time screening unqualified tenants.3) Before Lease Signing (Final Step)✅ Run the background check before approving the tenant, so you can verify:Credit history & income stability Eviction & rental historyCriminal background (if applicable in your state)Final ThoughtThe best time is after the showing but before lease approval—this ensures you’re only screening serious applicants while minimizing wasted time and costs.

Between carrying costs, having to potentially raise equity and/or utilizing debt during the pre-development period  had I settled plus associated time, I  probably would have spent a similar amount of money.

Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

The stone elevation can be expensive but will really move a house quickly with the added curb appeal.Some things I like to add for not much extra cost..