There are some opportunities (potentially) developing in the Sunbelt with a steady increase of inventory over the past few months, but we still have yet to see prices drop materially. 

We always choose low maintenance materials for rehab in our class C/B properties.

Low price grabs attention, great property retains interest, and creates a good selection of tenants to choose from.

May be time to retain legal counsel and schedule a one(two?)

Until the end of the lease or until you find a new tenant, you don't yet know what his final financial liability will be, and thus it is logical that you would retain the security deposit until then.

Here in GA it is a cash sale at the courthouse steps.With all the guru's and TV shows pushing "flip this house" and " a million mistakes were made and we still made money " newbies feel like they can't lose trying their hand at this stuff.In the entry levels flips new investors are overbidding due to lack of experience, construction materials are rising in cost, and contractors are in big demand so they are gouging on what they charge.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

However, the flooring was just into the beginning stages of depreciation.In 2019 I did some rehabbing and replaced all flooring with waterproof LVP throughout having paid about $3586 for materials and installation.

The following year would be considered passive, so even if you materially participated, it would still be passive the following year and you cannot offset your W2.Is this accurate? 

We've issued non renewal notices at times when rents were materially lower than market.