He self-manages, is his own handyman and had to pull out the little equity he gained to pay for roofs and HVAC. 

CA in particular would extract a nasty tax on the gain side.  

I'm hearing folks say: "I'll call sellers once I gain more CONFIDENCE!"

Future AppreciationLynchburg’s market has seen about 5% appreciation recently (4.3% Sep 2024), meaning your property could gain around $110K in value over 5 years, helping to cover renovation costs.

Wholesaling real estate is another way to gain experience without much capital.

Owner’s draws aren’t typically taxed directly, but any gain or capital distribution may have tax implications, especially if the amount withdrawn exceeds your basis in the LLC.4.

I usually hang out in the tax section, but I'm really interested in gaining more knowledge on the industry of property management.

Passive losses can only offset passive income or gain on sale from a passive activity.

I'd love to share a graded map of Cleveland which would help you gain a better understanding of the different areas and price points of each grade. 

Hope you sleep well Kai with the $1600 from which I gained nothing from.Shameful behavior.