I would give it some time for lenders to catch up on this type of property.

You have to sell to realize your gains, and will lose on the transaction at this time.  

and i know that that there’s risk involved, so ill always be prepared for things not going according to plan. and i think starting small and gaining knowledge and experience over time is key. 

@Jackson Harris would absolutely love to get in on a call I don't live in Phoenix at the time I'm in California but I'm going there in the near future.

Hi Seth, I've done BRRRRs a few times with various amounts of success.

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.

For example, if the job takes 20 hours at $25/hour, you’re looking at around $800 total.Expect quotes to be significantly higher, but use your formula to negotiate.

I have from time to time spoken with the city administrator, economic developer, & a person at building planning commission.

The idea is to not "wake sleeping dogs" and while at the same time not having issue on my next purchase. 

While I am not afraid to invest my own time and money to renovate a property.