Every inch of this property has been meticulously updated by professional investors featured on TV, ensuring top-notch quality and style.

Warning:If you depreciate a property down near zero and then have to sell your property at a loss during a situation of distress...You could end up giving all the proceeds to the bank AND owe the IRS a big chunk of money for recapture.Long-term tax planning with real estate needs to be coupled with risk management and making sure you don't lose any properties.

Your ability to turn around a property with an 11% cap rate is a pretty strong selling point.

@Juan PerezCongratulations on paying off your first home and transitioning it into an investment property!

Spoke with multiple credit unions and they mentioned a rental property needs to show at least two years of rental income in order for that income to be counted into the DTI ratio. 

The Horizon City property is a new construction (2023) and is modern.

Each unit features 2 bedrooms and 1 bathroom, providing a total of 4 bedrooms and 2 bathrooms across 1,684 sq. ft. of heated living space.Key Features & Upgrades:New Roof for long-term durabilityFresh Exterior & Interior Paint for a modern and inviting lookNew Interior & Exterior Doors with updated locksets for added securityLuxury Vinyl Plank (LVP) Flooring throughout, combining style and durabilityFully Renovated Kitchens featuring brand-new cabinetry and quartz countertopsUpdated Bathrooms with new tiled tub surrounds, vanities, and toilet seatsNew Light Fixtures & Mini Blinds installed throughout the propertyComplete HVAC System Replacement for Unit 686 & New Condenser & A-coil for Unit 688Plumbing Upgrades including new water heaters, updated faucets, leak detection, and a cleanout drain installationSecurity & Hardware Updates with rekeyed locks, new smoke alarm batteries, door hardware, and cabinet adjustmentsNew Landscaping to enhance curb appealThis turnkey property is ideal for homeowners or investors seeking a low-maintenance, move-in-ready duplex in a prime Memphis location.

When I found the property I simply extended the radius of my search and tadaaaa "duplex" cought my attention and especially for a $350k purchase.

Is he just wanting to dump the property or trying to maximize profits. 

I just think for me $15000 would have been better spent on a down payment on a property.