However, my experience has been disappointing, and I deeply regret investing $15,000 that I could now desperately use.Based on my firsthand experience, I would caution against expecting Flip System to deliver on its promises of support, education, and profitable deals.

The IRS expects your cost seg report to be "factually intensive", "supported by corroborating evidence" and performed by a "qualified individual.”

By doing so, you can maintain an investment property while still accessing funds to support your cash flow needs.

Given that you will probably house hack the first few times (3 or 4 years), that tip is literal.Now comes the most important tip you will ever receive from anyone on BP: Make sure you have 100 percent support from your spouse as to both your overall plan AND the tactics/strategies to fulfill your overall plan.

I'd love to connect.I feel like just being here has put me in a circle of humans who are about Action and Supporting each of us TO action!

However, some investors don't mind this strategy if they prefer not to put a lot of liquid in up front and plan to refi out within a few years of closing (which seems to be a great option with the talks of the FED reducing interest rates into 2025).It really comes down to investing in a growing market, in a good neighborhood & building a great team to support you.

I also like supporting local.  

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.

Hey @Devin Bost, I would highly recommend a few things to help with this. 1) Have systems and processes lined out for any emergency you can think of.2) A spreadsheet of subcontractors/ vendors that could handle the situation that arises (plumbing leak, electric out somewhere, etc.)3) Your cleaning team and handy person should be utilized for some things.4) Something like Breezeway can give you 24/7 support around your property with a dedicated phone number line.

A link to FilePlace is at the bottom of every page, so it is easy to find.If you have technical issues, send an email to support@biggerpockets.com and someone will help you.