So PLEASE don’t make another huge financial decision and then tell that same person after you do it.

I don’t think that is the person this sort of situation is meant for.

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

With the increased competition, it’s crucial to prepare your property to stand out and work to address obvious buyer objections prior to going on market.That is some great data for reference!

We recently relocated to Phoenix last summer and I'm starting to look for recommendations for local credit unions here in Phoenix which are trustworthy, low rates, personal touch, easy/simple to work with, etc. 

Personal guarantees are EXTREMELY common.

It's like having a personal mentor guiding you toward real estate greatness.Unlock the Secrets to Real Estate Success by diving into learning—read, attend networking events, join a coaching program, and more!

The flippers we personally work with in California have not run into this issue (as far as I'm aware).

I've sold over 80 homes personally in the last 30 months and I'm usually within $5k of the appraisal report when I run my CMA for clients.

@Lauren MerendinoI strongly believe that your chosen market should be somewhere that you can go to in person / have strong personal knowledge of / have family or a network in already.