Over the years, I’ve also gained relationships with a few subcontractors that help me with jobs from time to time when I need a helping hand.

Sale of Property (10/2024):• Sale Price: $290,000• Net Profit: $220,000Capital Gains Calculation1.

But the quick equity gains that are possible by tracking the seasonality and "buying right" makes up for any potential lost rent in spades.

Of course the listed price may not be the actual rented price, but by tracking several listings for a while you can gain a better understanding of the market.For assessing demand, go to FurnishedFinder.com/stats and you can see demand data for a given city.

This means the IRA can own a leveraged real estate asset, and any income or gains from the property grow tax-deferred (or tax-free in a Roth IRA).

Starting small is okay; it's all about gaining experience and building from there.Networking is also super valuable, so get involved in local groups or forums (other than BiggerPockets).

Seems like you may need to be the one to gain some insight before chiming in your 2 cents worth.  

If you had sold it a year ago, you could have taken the homestead deduction and paid zero capital gains on the increase in value.  

Are you looking to work closely with said partner to gain experience and know-how?  

This way, you benefit from both the immediate gains of flipping and the long-term advantages of rental properties, like tax benefits and appreciation.