We would both contribute to the rehab and I would repay her half of the initial investment.

House prices did shoot down when rates increased initially, especially post Q2 '22. 

I had a client right after Hurricane Michael who initially got offered half of what his damage actually was worth, but a skilled adjuster managed to get him a much more reasonable payout.Keep a Backup of All Your Documents:Store both digital and physical copies of everything-your insurance policy, receipts, photos, and videos.

I went back and read my initial response expecting it to be a lot worse and it was basically nothing, just my usual trashing of wholesaling.I know being a moderator is absolutely thankless, but this was likely because she used some buzzwords that were completely fabricated to make her look bullied when everything she was saying was about 10x worse than my responses in my opinion.

The DP is the initial equity, which you are paying for.  

I will assume an initial rent of $1.000/Mo.5 years: $1,000 x (1 + 2%)^5 / (1 + 4%)^5 ≈ $90710 years: $1,000 x (1 + 2%)^10 / (1 + 4%)^10 ≈ $82415 years: $1,000 x (1 + 2%)^15 / (1 + 4%)^15 ≈ $747So, every year, the amount of goods and services you can buy will decrease, even though rents increased each year.

Advantages are that you only need to form and pay for the initial series LLC, file one franchise tax report, file one tax return, and pay one franchise tax payment if required by the state the LLC was formed in. 4.

Assembly Bill 1771, also known as the California Housing Speculation Act, aims to change real estate tax policy to discourage investors from quickly reselling properties like single-family homes.Under the proposed bill, an additional 25% tax would be imposed on the gain from the sale of a qualified asset (including homes) within three years of the previous sale.The tax reduction is dependent on the number of years passed since the initial purchase of the qualified asset, ranging from a 20% reduction for sales occurring between 3.01 to 4 years to a 100% reduction for sales occurring more than seven years after the initial purchase.The revenues generated by this tax increase would be deposited into the Speculation Recapture Community Reinvestment Fund, which aims to support affordable housing, local governments, schools, and infrastructure projects.The bill is introduced by Assembly Member Ward, and the proposed tax changes would take effect from January 1, 2023.Assembly Member Ward argues that short-term investors in the market, including fix and flip investors, contribute to rising housing prices, limiting opportunities for Californians to purchase homes.While the bill may discourage short-term speculative transactions, it is worth noting that California's tax laws still provide certain advantages for investors, including unlimited tax write-offs and depreciation benefits.The bill is subject to legislative approval, and Assembly Member Ward will speak publicly about the bill at the San Diego County Administration Center on a specified date.Please note that this is a simplified summary of the bill and its potential impact on fix and flip investors.

I don't think I fully understand using HELOC to pay points and holding costs only.Taz, that was my initial thought as well - even though it would hurt to get rid of a 3.5% interest rate, I could get an equivalently priced home with today's conventional primary residence rates and have about the same monthly payments that I have today, simply because of the HOA fees. 

Initial Depreciation:You mentioned a cost segregation study that resulted in $80k of passive losses.