It’s clear that you’re taking the right steps by educating yourself and connecting with others in forums and groups.Keep leveraging the knowledge you’re gaining, and remember that patience and consistency are key.

Working with a reliable contractor was another smart move, making the rehab more manageable.Even though the profit wasn’t what you hoped for considering the time investment, you’ve gained valuable experience.

: If you’re planning to hold the property long-term, the repairs may not be as concerning since you’ll gain appreciation over time and benefit from consistent cash flow.

There are situations where we could have a paper loss but still be able to show some cash flow, which is ideal.One of the downsides to selling property 1 is the potential for depreciation recapture and capital gains from any appreciation.

Cash flowing and approximate gain of $80k in equity.

And if you lived out there and could self manage, maybe you're making 200/mo even.From a return standpoint, even at break even, you're gaining 8k a year in depreciation to offset against regular income so maybe 2k there. 

Instead of recognizing the gain of 600k - 100k, you get a stepped up basis at time of death.

@Connor ChanterI'm not a CPA but based on your post as long as your mom is the owner of the house in Michigan she should qualify for the $500k capital gains exemption.

When we did that, they sent an invoice for the leasing fee of $999 for a tenant they haven't placed in the property.So end result is that we lost $999 with this property management company and a month and half without much traction to get our property rented.

And at some point the SEC will stand in the way from retirees and conservative investors, and others, from participating in the gains and wealth created by Bitcoin.