My question is how will my taxes play out with all of the expenses on this rehab?

Hey Shai,When it comes to the fix-and-flip strategy, schools might not seem like a top priority, but they can actually play a bigger role than you’d think!

You are right about playing the long term game.

Gurus are just following their fulfillment companies play book its all based in MLM from decades past same presentations same tugging at heartstrings  exact same terminologies etc.

Are you willing to gamble your life and those of your family on, "being accountable for your rentals", "being a good landlord", or "maintaining your properties correctly and being decent to your tenants"?

I am BRAND new to REI and am looking to potentially make a buy and hold play in the next year, Reno might be that market for me under the right circumstances. 

There's a lot at play here - but if you don't have the money to repair the problem, you most likely need to look at selling the building and getting out from under it.

Your lifestyle, life events, and other income all come into play. 

I went ahead and pay the retainer fee to have anna as my retainer. so let see how this plays out

Lol (inside joke)I love the deficiency judgment play, especially for the rent skimmers who have multiple properties!