After all, you have no evidence they agreed to pay rent or any of the other terms.

Purchase price: $20,000 Cash invested: $45,000 Sale price: $99,000 Contributors: Peter Vekselman Partner Driven and Amanda Frecks teamed up for an exciting flip on Main St, Grainfield, KS.

However, it’s important to account for depreciation recapture at the time of sale, which can affect your overall tax liability.

Sales agent gets slightly more aggressive than I like, but other than that, they seem more trustworthy than other opportunities like this that I come across.    

It's a part of my self directed IRA.

The property is livable, but I am account for a pretty significant turn in 4 - 7 years of paint, flooring, and any miscellaneous repairs that the inspector could have missed since it was occupied.

I analyze intensely the ARV price points in my target markets for at least 9 months before I buy. 

Based on the quality of this particular home, my rent estimate may be low.Note: you have to consider other factors.

Quote from @Maya Cohen: I've been searching for up-to-date estimates of the cost per sq ft for new construction of SFH & MFH in Philadelphia in 2025. 

Check their nightly rate, occupancy and amenities.That will give you a pretty good idea of need and profitability.