View report*This link comes directly from our calculators, based on information input by the member who posted.

- Run a cost segregation study on this property in 2024 and you might have $100k on line 18...Without diving too deep on this post - If you run this scenario as a real estate professional while materially participating in the property, You'll be able to reduce your's and your spouses taxable income that year... 

If not, what would the post-rehab rents be? 

Send a Lease Violation Notice immediately - by mail with proof of delivery required (cheap date through post office) and or affix the notice in a envelope with his name on it on the door of the unit. 

I rest my case.And here is my older post on finding good CPAs:https://www.biggerpockets.com/forums/51/topics/1222774-expla...

As for the initial post, I would ask a few questions to shed some guiding light.

If you shoot me a message in a couple months I don't mind posting an update. 

We were lined up to have this project complete by August which would still be in the prime time frame for selling this house.TLDR of my previous post - I ran into troubles with my first flip which was going on at the same time as this project.I had to pull my contractor from this house to save the day on my first flip.

That is what got me to this post.

I also realized last night (after I made my original post, of course) we could do a HELOC on our primary residence.