What is this strategy called?

We have full time professional jobs and children so getting into heavy rehab or flipping is not an option.

It is a very safe play.Thank you so much for the response and valuable feedback Adam.

Your realtor should be the backbone of your business and be able to help with sending you personalized deal flow, building the rest of your real estate team (PMs, GCs, lenders, etc), showing you the good/bad neighborhoods, developing scope of work and estimating renovations, and so much more!

I just got under contract to do an FHA 203k myself here in Chicago, so if you want to talk about the process, please reach out!

Thank so much for sharing.

Hi Saul,Vegas and Phoenix are on the pricier side, so you'll need to put a large down-payment down if you want to cover all your expenses with some cash leftover. 

Yes I believe so

So, after closing costs I would need roughly 55k cash to bring to the table. 

Technically we should call it basis reduction, but the end result is the same: he owes tax on the entire insurance plus appreciation plus depreciation.