Your profit is the difference between your adjusted cost basis and your net sale.Adjusted cost basis is your cost of acquisition plus any capitalized improvements minus depreciation.It is very possible that you could sell a property you have refinanced and generate no cash at the sale but still have a big tax bill because you sell it for more than you purchased it for.

Think about it, on a simple level, you can create a workflow for AI and how it should interact w/ inbound leads on your website and the AI can communicate and ask those people certain questions and then at some point do things like set up a appointment based on a specific answer after making it through a conversation (like funnel).

Having a tangible property to discuss often leads to a much more constructive discussion.

My goal is to create generational wealth for my family and to eventually have the financial freedom to say "yes" to travel adventures as a family.

For some reason I think that this will lead to problem guests.I just don't see the need and I have never been asked.Frankly, good photos and maybe a plan layout should be sufficient.

This will usually lead you directly to low barrier stagnant markets where the cash flow represented in your spreadsheet does not transfer to reality and the most of the equity is "paper equity" because you will never see it materialize yet many look at completing the BRRRR as the ultimate success.I recognize I am using some assumptions but let's assume you have $100k to invest and purchase and renovate a home in MARKET A for $400K but once renovated the home is worth $500K.

My home has 2 private streets, one that leads to my driveway and the other that goes up the side of my property that I park some of my vehicles (because you can never have too many vehicles) and is an easement to other properties.  

Or rental demand could be poor leading to higher than norm vacancies.

@Ryon PaxHave you considered cutting some of your personal expenses to pay for the HELOC or find another way to generate added income?

If your Alabama LLC conducts all operations and income generation strictly in Alabama, you may not need to register it as a foreign LLC in California.