Account for all costs, including closing fees, holding costs, and repairs.

My strategy is buy-and-hold, not buy-and-sell.

This is our messages to Appfolio for the last two months, they are awful and holding our fund not to disburse, please see below - We have been trying to reach your company by chat, phone number and no luck.

We also have a different ESCROW account that holds the deposits for buyers purchasing our listed properties. 

Natural appreciation usually takes holding the property for at least a few years (just depending on what the RE market does going forward).  

I’d recommend focusing on building connections in Denver, exploring local markets, and considering strategies like house hacking or buy-and-hold investments to help you reach your goal of becoming a millionaire by 2027.Good luck!

Also beware, suncoast will hold you for 2 years while they suck the life out of you.

But if you're holding long term with no plans to sell in near future - better to get them leased up!

If you are setting aside funds for capex, taxes, insurance, or other expenses that don't occur monthly, transfer those funds to Savings each month and hold them there until it's time to spend them.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.