I look for distressed properties to get better profit margins How did you find this deal and how did you negotiate it?

I currently have a rental property and am looking at getting my real estate license and building a property management and property maintenance company to serve my investments and potentially others.  

Just to present an alternative point of view regarding California residents investing in STRs, I'd say the gambit still works and works well.For one thing, you still get to use the Section 263(a) tangible property regulations' de minimis rules, which probably mean you can immediately expense most of the furniture and fixtures in your STR.For another thing, while for your California return you won't be able to use bonus or accelerated depreciation for the personal property, you will still use shorter 5-year and 7-year lives for maybe 25% of the improvements.But the big thing: The federal tax bill is far, far bigger.

Hey @Dan Porat Are you looking to acquire properties based on watching this deal analysis or is it just pure entertainment?

. - Even with this caveat, some tenants will attempt to go to the property.

Hi BP Members,I shortlisted one RE property with $350K purchase price and with good long term tenant income ($4400 PM current).

My understanding is that you can sell assets and defer capital gaines taxes in an opportunity zone until the property is sold.

We only have one small property, so I manually adjust the price based on what I see for the month. 

I’d like to get my feet wet with a flip or two before transitioning into long-term buy-and-hold properties.

Property is currently list for $225k What made you interested in investing in this type of deal?