@James Boreno You’ll likely owe taxes, but don’t forget to account for your adjusted cost basis, which factors in the original purchase price, depreciation over 10 years, and any capital improvements.

I currently can’t get over my scarcity mind set of there “not being enough money” out there to fund deals.

I have a 10x8 shed that I use exclusively to store real estate materials and supplies.

FlashlightTape measure/Laser measurePaper/Pen/iPadBinocularsReceptacle testerLevelMarbleDroneRespirator/Face Mask/Eye Protection/GlovesAQI testerWater pressure gaugeThermal cameraEndoscope cameraKnifeI bought over 20 houses in my lifetime and I’ve never taken more than a flashlight. 

I will say you do enough underwriting and something will eventually get missed (my last rehab was my first to go way over budget due to various reasons so I am not perfect).  

You can hand them over all your information to organize at tax time and their staff should be able to organize everything and get your taxes filed.

It was in a over the garage office/bedroom that never got used.

I am happy to assist and have a detailed discussion to go over potential options to help if you would be open to it.

Hi Raymond,I’ve been working with investors on Fix-and-Flip projects in Florida for over 20 years, and I’d be happy to share what I’ve learned.

I ask to take a walk through and document the current condition as my agreement states they can not damage the property during this process. and of course don't give them anything until you have walked through verified they are out and have voluntarily handed over keys.