Not just what is written, but how things work in….practice.Natalie wrote: “I still think it's blindly optimistic that the IRS would qualify someone owning 1 rental as a business”“Blindly optimistic” …. needlessly strong words that reflect on my credibility…..or yours.

If you choose to sell then you can sell at any point but the discount rate applied to the cash flow may be more of a discussion to reflect the uncertainty of a new product. 

Having worked at an appraisal management company and overseen thousands of assignments, the $5k price undoubtedly reflects a commercial, complex, or unique assignment, however, it seems high.

I would mention that you thought somebody might follow you and offer $100,000 less....If I were you, I would take a moment and reflect on whether you were taking on the wrong price point in the marketplace for your first deal.

However, the plan should reflect different criteria at different stages in your timeline. 

BP, we often reflect on the HOW, but it’s rare people openly reflect on the WHY?

They reflect landlord strategy and have nuances that encourage tenants to shoulder more/less maintenance, pay rent on time, etc.  

The first calculation reflects the 70% rule calculator. the second calculation was using the fix and flip calculator; which purchase price is correct.

But my business has not reflected that at all!

Mornings:Read, reflect, review goals, work out.