., to perform the activities for which Value Property Investments was organized—he was not carrying on a trade or business as contemplated by section 162 (Business deduction).Nonetheless, in order to resolve the matter before us, we do not need to decide whether Mr.

Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.

Kiyos is a shell contractor who performed over a million dollars of shell work and never got paid.  

If my logic is faulty and I have to perform deprecation, could you please advise me the number of years that a fence has to be depreciated?

If your contract with the buyer has a drop dead date and they do not perform you can move on.You also need get get POF from your buyers and a non refundable deposit.

Curious, how do you research if a multi-family will perform well as a short term rental?

If it is performing well, the buyer pays fair market value for the home and enjoys the benefit of some future income with rentals you already have booked. 

As mentioned this means the property can support itself and wont put me in a situation where I can cover debt, operating expenses or capital expenses.Annualized Return if Sold at the Five-Year Mark:This metric offers a comprehensive view of investment performance, blending both cash flow and equity.

You can use it to track your marketing performance, budgets on projects, KPIs for every role in your business (even if you're a one man show), call metrics, and manage your lead pipeline.

I would narrow your search to who is the most reputable, hungriest, and priced well for the work performed (not the cheapest).