I expect to be at least $40k (for 2 units that have been in operation since 1999 so well established) below my 2019 numbers (so below numbers from before any COVID impacts).   

., university students, tourism, etc.) may impact demand.7.

Market Differentiation: Even if the ARV isn't impacted, it can set your property apart from others in the area.

As I've learned from the BP podcasts and in my personal experience in the industry and the trade, succes in real estate investing is so much impacted by the professional relationships and connections, and as such, I'm excited and motivated to start meeting and working with likeminded, motivated, and ambitious persons like myself! 

This can reduce labor costs, but be mindful of the time commitment.Leverage Economies of Scale: If you're working on multiple flips or rehabs, bundling similar tasks or projects together can help reduce costs by hiring one contractor or vendor for multiple jobs.Prioritize High-Impact Repairs: Focus on renovations that add the most value, such as kitchen or bathroom upgrades, while avoiding over-improving areas that won't significantly increase the property's resale value.By combining these strategies, you can manage rising costs while maximizing your potential returns on fix-and-flip projects.Kind regards,

This is giving me an increased sense of caution and I appreciate the heads up on the impact of these other factors on what I'm seeing in these listings.It seems so daunting to get at the truth and the details, especially for a first go round.

Proximity to amenities, transportation hubs, schools, and job markets can significantly impact property value and future returns.Condition: A property's current state is a big deal.

No.the beauty of real estate is the long term net worth impact.

You are living next door for a year so your choice to rent to someone may have a direct impact on your life (unless you are not home most of the time).Cheers and good luck!

The question that we have is assuming we are going to close on the home and at some point in the future if we plan to sell does these disclosures have any impact on the home or the price of the home.