Though, the HVAC has reached its life expectancy per inspection report - It was recommended that it gets serviced and clean.

There’s a huge difference between winging it and setting up a system that consistently brings in genuinely motivated sellers.Get a website, focus on the 3 pillars of conversion (look it up), and crush it.

It DOES NOT require a full gut rehab (rehab could consist of new kitchen, new bath(s), windows, flooring, paint, etc.

Unless you have consistent access to off market deal you will probably be wasting your time with this kind of investor.

The amount you would need to report as potentially taxable gain is total insurance proceeds less your adjusted tax basis in the property (your mortgage doesn’t get considered into this calc). 

So, we obtain a full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc. to build an overall credit evaluation.Public RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

Did the lawsuit show up on a personal background report?

Will report back.

It's pretty plug and play and then when you get the full report, it's all in one PDF.

This means that your accountant can report your exchange as a partial exchange and partial installment sale with proceeds received in 2025.