make some cosmetic improvements to the place while you're there. 

Hopefully we get the latest water bill version through the state assembly this time to improve this.   

Even with a lower prime rate, the affordability boost is limited if home prices remain elevated and rents don’t increase proportionally.For investors, this might be the time to get creative: value-add strategies, BRRRR, or exploring underserved markets where rents still have room to grow might help improve cash flow potential.

I go into the deal assuming I have a chance to make money, but also aware that like any investment, I can lose up to 100% of my investment, and in some cases, more than 100% of my investment. 

For tax purposes, remodeling costs like the kitchen and flooring are considered capital improvements and depreciated over 27.5 years.

Ideally doing some value-add improvements during that 1yr. 

It is improving, meaning sellers and builders are facing a little more competition, but there is still a shortage of housing units in the region. 3) Rental prices are strong and single family homes and townhouses rent very quickly.

However, profits would be bigger if there were no HOA fee and there would be more opportunity to make improvements on the property.

I got a lien on the house they were flipping, all looked good on paper, then I found out they were using my $60K to improve their personal house!

Put all your cash flow into improving your existing rentals or buying more.