Id like to understand what the most profitable way to fix up a current 1,700 SFR in a 6,200 sq. foot lot would be?

Look for ways to increase profits but without cutting corners.

Basically for the majority of folks on BP, if you own a business registered with the Secretary of State, smaller than 20 fulltime employees, you will need to register. https://www.wolterskluwer.com/... 

When investing OOS, consider targeting markets with major corporate relocations and expansions.

Keep in mind the more you write off the less money you will show as you net.If you have (2) full years and depending on how the accountant files your taxes you will have a schedule C more than likely or another schedule that shows profit and loss.

If both houses were sold in 2024 then the loss will negate the profit from my understanding.

The thing that the gurus never tell anyone is that the majority of creative finance deals are done by investors who don't need creative financing, that is their leverage and why they can walk away, thereby making them more attractive then the one person who can only do the deal one way because they have no money of their own.

Should I buy it and take  500-600 less profit per month knowing I can sell it for a large profit as is or even more if completely remodeled?

Majority of our non payers failed to prove they had any income disruption and are buying new TVs bikes, you name it.

The right property manager will take up majority of the workload for managing tenants / maintenance and everything else.