Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lenderHow did you add value to the deal?

It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.

I would also send the tenant information about food pantries etc in the area.

Without getting into the weeds of our conversation, their response was as expected highlighting their service and ability to facilitate a loan.

This hands-on approach can provide invaluable insights into the industry and your property's performance.Both self-management and professional management have their advantages, as investors have highlighted.

Highlight the area shopping, business etc, distance to schools .

I had enough food to get by.And I had to deal with a worldwide pandemic slowing down the economy when it came time to list my house.But life has a great way of balancing out the good and bad.

These experiences highlighted the need for thorough inspections and budgeting for contingencies when tackling older properties.

In this thread, you repeatedly highlight the IRS position that a Husband-Wife LLC does NOT have an option to file as a Qualified Joint Venture (QJV) and must therefore file a partnership return.

If you happen to invest in the areas I highlighted above would love to connect offline.