If not, then you really need a strong legal structure stating how these properties will be governed going forward, including management, tenant selection, capital expenses, etc.

After conducting thorough due diligence, including a professional inspection and market analysis, the property was acquired for $72,000.Renovation and TransformationThe renovation aimed to modernize the property, enhance its appeal to potential tenants, and maximize its long-term value.

I’m in CA also and paid cap gains on huge profits to the tune of 28%, which included CA state cap gains.

Do they include energy tax benefits within their study?

There are a ton of PMs in Austin, for example, including a bunch of national and local brokerages so the competition is thick.

The plan includes high-yield activities such as property flips and strategic acquisitions to provide liquidity and generate returns.

Also where there are changes in regulations that may require lenders to change servicing agreements which affect who services your loan.I know that's a pain but as things change -- unfortunately, investors will be impacted by changes in the lending industry - and that includes LOAN SERVICING CHANGES.It’s a total cluster between the banks, their loan servicers and their loan servicer’s sub-servicers.

total return from an RE investment includes value added, appreciation, tax benefits, equity pay down, and the cash flow. 

Yes, this means making an investment in a CRM that may include tools for direct mail, email, and text messaging... 

And if all houses have not been fully rehabbed (we do fulls on every buy), some expected number for capital expenses should be included in that (IE if you have 3 years left on your roof you need to be deducting $X from that figure, repeat ad nauseum for all major capex).