Third, you aren't saving money or doing yourself any favors with DIY management.

-new flooring throughout-removing the wallpaper and floating the walls -fresh paint throughout (cabinets and garage included)-new appliances -installing an electric stove-new cabinet and lighting fixtures-new shower, bathtub and sink fixtures What was the outcome?

And you are using all of the proceeds from your sale as the down payment you will defer all tax.On the other hand - if you're wanting to sell your property and carry the note back as seller financing to the buyer you will either pay the tax on the note (but it will be an installment sale and so the tax will be spread out). 

I personally don’t like installment sale contracts or contracts for deeds, especially over long periods of time.

Previous owners created a DIY nightmare.

Historically, most DIY landlords have bought Class B or C rental properties, that cashflow immediately, or soon after being properly repositioned with higher rents.

They suggested adding an external cleanout for about $8,000, and we agreed to split the cost by adjusting the home’s price.However, after installing the cleanout, we discovered that the actual problem was far more severe.

I’ve been addicted to DIY home flips for years.

They are basing it off a depreciated cost from an original install price of $1440 and claiming a 7 year life cycle.

I am sure plenty have tried to DIY it