Readers should seek professional advice.

And it has been gaining recognition as a vibrant, desirable place to live, especially for younger professionals and first-time buyers. 

I got a letter and it just didn't seem professional in that there were grammar errors, etc. so it made me leery. 

Communicate with your tenant on tasks you are uncertain about and confirm if there are comfortable living with fixes you completed or if they would like a professional.

I realized I hadn't thought about it, but it will likely be working professionals, students, or families.

I would have to have a walk through with a professional to give me an appropriate estimate. 

I'm Chris, cybersecurity professional, and getting into wholesaling in Austin, TX and Northern California (Sacramento, SF/Bay area), all areas I know intimately. 

Should we explore that route, purchase an already built duplex in Peoria or another part of the Midwest? 

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

It’s definitely worth exploring if you’re looking for a robust management tool.