The proposed regulations released by the IRS clarified that only capital gains are elegible for tax deferral; depreciation recapture is not.

Since I’d end up paying retail for the rehab myself because that’s not where my skillset is, my logic is my time is better spent elsewhere and the economies of scale I gain by using a large TK outfit essentially equate the the delta between any “deal” I may get on my own and the amount I’d end up spending as a small “mom-and-pop” investor to a contractor/crew.  

And keep in mind I am just the bridge lender so folks can BRRR and when they refi I am paid out I dont own any of these long term.The OOS investor acquires a home normally from a fix and flipper be it a turnkey out fit or off of MLS and the agent they are working for like a Holton Wise there in Cleveland for instance.So before they buy it the homes were in disrepair and vast majority are bought from locals who have failed to maintain the property but live there as owner occs.. those folks simply dont get hounded for violations like OOS or non owner occ props.What I have seen is when neighborhoods start to go down hill when they start to turn from predominately owner occ to rentals or the school scores go way down..

I am in need of reputable outfit that provides consolidated  Family  Office Services under one roof in Sacramento  area( Asset Protection, Trust and inheritance, Tax  services and strategies  and   Financial Advice for  Real Estate Investors ).

A Real estate-informed tax outfit or CPA who can file my taxes for me - using Texas-specific Real Estate rules, to minimize my tax burdenThanks again,John

Wondering if we should learn the bumps in the road now and try to self manage with some recommended tools or to put our property in the hands of a Vacasa/Evolve/Awning type company or maybe a professional local outfit?

They are not outfitted to do anything but that.

I usually get my engineering structural calculations from this outfit. 

$120k seems cheap to fully build and outfit 5 "brand new" apartments.  

The natural beauty of granite, with its unique patterns and color variations, creates an elegant and upscale ambiance in kitchens and bathrooms.