: If you’re planning to hold the property long-term, the repairs may not be as concerning since you’ll gain appreciation over time and benefit from consistent cash flow.

Working with a reliable contractor was another smart move, making the rehab more manageable.Even though the profit wasn’t what you hoped for considering the time investment, you’ve gained valuable experience.

Ok here is the thing Darnell, for private lending we weight ~40% on the property "deal" itself, and 60% on the Operator themself; if they know what there doing, can they pull it off, do they have the "chops" for it, are they contingency ready, etc etc.. 

., peak season, off-season, shoulder season).Weighted Average: Calculate the weighted average for the year by multiplying the expected rent by the occupancy rate for each season.

BUT I gained tons of experience and was able to get in the game.Sounds like you won't find something cheaper than what you have going right now, but have you looked at the live-in flip strategy yet?

There are situations where we could have a paper loss but still be able to show some cash flow, which is ideal.One of the downsides to selling property 1 is the potential for depreciation recapture and capital gains from any appreciation.

Cash flowing and approximate gain of $80k in equity.

And at some point the SEC will stand in the way from retirees and conservative investors, and others, from participating in the gains and wealth created by Bitcoin. 

Instead of recognizing the gain of 600k - 100k, you get a stepped up basis at time of death.

I'd try to buy and find something ugly and make the changes progressively before you leave, gain that equity, recast a bit, and in 4-5 years rent it out.