@Maryann Nichols You will not find any properties on BP to flip.

We don't want to bring on every owner or every property unless they fit within our target market, so, I do the far majority of the sales - this is our check and balance.

@Jose Mejia I assume this property was purchased under an LLC.

The turnkey company then manages the property for the investor owner until the property gets sold eventually.

This also added AC to the property which it didn’t have before. 

I ask to take a walk through and document the current condition as my agreement states they can not damage the property during this process. and of course don't give them anything until you have walked through verified they are out and have voluntarily handed over keys. 

Went and viewed about 10 properties, made an offer on one without a buyer's agent, so that the selling agent would double end the deal and they accepted a below ask offer at a time when prices were climbing.How did you finance this deal?

Also, what is the equity in the property?

The reason I post this here is because I got totally different answers from two CPAsHere is the story:I bought the house as investment property and run it as STR for the last two years.

If you are living there you can keep the 4% rate.If you are not living there you can rent it out to pay for the property taxes.