@Samuel KoekkoekWhatever you do, dont get into the S&P in the next 6 months, every time on the lastv30 years the Fed has cut interest rates by 50 bps, the market has had a minimum of a 30% correction.

Planning for a full renovation from the start is a smart move because it gives you a more realistic view of your budget and timeline, and it allows you to aim for the highest ARV without cutting corners.As you move forward with this flip, make sure to track all your renovation costs closely, since it will help you with more accurate estimates on future deals.

Don't pay for points since you can refi later.4 to 6 rate cuts coming by end of 2025.If it won't cash flow at a 7% mortgage then it's probably not a good deal anyway.

I also prefer not to use a management company, as I don't want them cutting into my profits.My long-term goal is to generate enough income to live comfortably and eventually build a real estate empire.

I'm trying to confirm my understanding of a less straight forward capital gains scenario than the one-time purchase and sale most deals involve.Essentially 100% interest in a condo was acquired over time, as each joint tenant passed away, leaving 1 sole tenant who gained full ownership by rights of survivorship.I've gotten differing opinions from different professionals and am trying to understand the calculation of the basis and the final capital gains  tax that would be due myself so I can spot bad advice and understand deals.Assumptions:A condominiumNo depreciation has ever been taken by any owner.No 1031 exchange.No expenses or improvements.

I get the card and cut it up immediately. 

If you have to take up any part of the litigation, I would cut bait and get your earnest back and look for your next deal.good luck.  

They get their cut, you get the property.Of course, you have to figure out what it is worth and whether that's a wise investment for you.

@Travis Biziorek you & I are aligning more & more it seems:)What do you all think of my latest "cut & paste" advice below?

Not a straight answer but I hope these questions can help you find the answer for yourself!