I'm not sure of the exact dollar amount, but I believe if the grantee quick claims the deed for under that amount you avoid the transfer tax.

Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.

Its hard to be optimistic though when then change things so quickly.

You should be able to get a reasonable idea of the construction cost fairly quickly.

Many novice investors focus on scaling their portfolios quickly and overlook these important facts.

A safe baseline is 5%–10% for vacancy, with C class properties often leaning toward the higher end due to more transient tenant populations.As for maintenance, the percentages they’re quoting—2% for B class and 7.5% for C class—are on the optimistic side, especially for long-term projections.

Another friend who invests heavily in Phoenix shared a story about her first deal there..she jumped too quickly into a duplex without adding a little cushion for those first-year capital improvements.

My target purchase price is ideally under $150k as my long term goal is to pay them off as quickly as possible.

You need to stay strong physically and mentally, and I sincerely hope you will figure a way out.If the property is located in a not very safe area, at least try to install some security camera system that works when you are not there.

Some quick googling suggests the answer is yes provided I don't rent it out more than 180 days for the first year, do I understand correctly?