What you're proposing is the conversion of ordinary income subject to SE taxes into deferred capital gain, OR potential exclusion of the income all-together under IRC Sec 121 if the property is to be your residence.I've seen no reasonable basis for such a position.

- Is there a general estimate proxy that you se for factoring in any closing costs with the lender for the financing, assuming it is not an all cash project?

I experienced this when I lived in SoCal given the wildfire exposure and the SE has also been feeling the pain with all of the hurricane exposure.

Some people define the Catskills as the four rural counties west of the Hudson River in SE New York, Green, Ulster, Sullivan and Delaware.

I looking at MFP to start investing and wanted to see if anyone had any experience or knowledge about Chichester (Boothwyn), Sharon Hill (SE Delco) and Darby/Upper Darby. 

My total cash flow went from $1200/month off that one ho Se to mow $3500/month by doing this.

Also, here is the current listing for the asset:https://buildout.com/connect/sharing/3125-crestdale-drive-ho...Based on this property, sounds like maybe the property didn't go into foreclosure, per se, but that the Key Principle stepped in and removed the operating partners due to mismanagement.  

Welcome to the forum Ranil,Turnkey properties are mostly buy and hold.Can't really "flip" them per se as the provider will not leave much (If any) equity in the deal.

Originally posted by @Jeffrey Grieshop:I would not say anything is holding me back per se but I do not have an investment property yet.

Couple that with the lack of home building post GR and that's made a 1+1 combo equal 5.also in last 60 days, there're bunch of SFR funds liquidating their houses unsure why, but this month the top secret narrative that everyone already know is we are in GFC 2008 situation in CRE fantasy-land ; so it seems lot of funds in trouble and there're lot of redemption request from investors, maybe it's forced selling of the good performance asset to help recover the bad asset. 2024 is extremely interesting Jason, there're lot of factors that keep driving the dynamic of single family, and it's not employment per-se.