But, as I write below, I backed out because my scope of work got too big for the project and chickened out.

But if they are showing properties that haven't actually sold recently, or not reflecting recent sold data, then that's a problem and will throw off my own evaluation process. yes that is a bigger problem for sure.

Do the tax benefits make it a good deal?

Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details: After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

If all goes well, my monthly payments could drop about $60 from a tax reassessment in about six months.

I used the local MLS and I am a REALTOR so I negotiated off my commission to get a better deal.

This allows you to report the rental income and expenses directly on Schedule E of your joint tax return, simplifying your tax filing process.

Having people write Spark Investment checks for $25K, $50K, $100K and more.

I'd like to be fairly hands-off due to daily work commitments, and looking for something that doesn't involve a ton of risk.

It has to be a "hands off" professional fiduciary situation.