@Damien Davis you'll make less on the initial projects but the experience you'll gain will be completely worth it.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

With everything paid off, they’re looking to slow down but are hesitant to sell due to capital gains considerations.Purchase Price: $1,750,000.00Downpayment: $400,000.00 - Will do a 1031 - Selling two of my SF properties for the downpayment (bought for 120k + 146k back in 2017 & 2015). 

I am obviously conflicted with the moral side of pursuing legal action here, but understand that people can do untruthful things when it comes to financial gains. 

After two years your only profit will be the education you gained. 

If you do place the property in her name, then inherit it later, it does allow for you to receive a step up in basis at that point, allowing you to sell the house shortly after her death without paying capital gains tax.5. 

It'll take time but can really pay off if you stick with it.I'm in Los Angeles and I've investing in TN and GA in the past, and currently investing in SE Wisconsin (your area).Let's connect and discuss the market.

Capitalize renovation costs to increase the property’s basis and reduce future taxable gains.

Recently, our real estate agent did a market analysis and estimates we can sell for between $575K-$585K, resulting in a net gain after all of our fees of about $100K.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.