Los Angeles is a beautiful mess, but I think SW Florida offers better investment opportunities for me at this point: fewer restrictions and more landlord friendly, and newer product with less capex/repairs.

Could be the start of a beautiful partnership - you could become their 'go to' remodeler when other folks leave...

Let's set that aside for a moment and go back to your 4-5 year hold timeline. 

Beautiful property.

At the moment, have plenty of financial glide path, so don't need the equity of the current Investment prop, but had planned to owner finance (extra monthly income flow @7%, fluff... more income not required to eat, clothe, house. ).1) Cursory look indicates 30% max AGI can be deducted if deferred to Charity.

Purchase price: $150,000 Cash invested: $150,000 Sale price: $400,000 this was my home for 15 years, was an old mobile home but I bought a new one July 2023 paid cash. 1460 sf. 3 bedrooms, 2 full bathrooms, beautiful granite kitchen, beautiful back lake view with a boat dock, adde a new front porch 10x12 and adding also a 22x18 back porch, private neighborhood, estimate of my home is around $400,000 What made you interested in investing in this type of deal?

@James WiseHey, I just want to say I was told in another forum post I am mean and it was irresponsible for telling a potential homebuyer who did not have earnest money deposit that if you don’t have the money for earnest money deposit that should not be buying a houseBecause a 23 year old living with mommy and daddy’s mansion says they buy all the time with no money down….So why you trying to kill their dreams - Lightbulb moment!!!

Hi @Alex Montes ,Tahoe is beautiful, and super regulated. 

You bring up syndications at an interesting time, given the many established ones that are running into issues at the moment.  

I put my own sweat and blood into making the interior and exterior beautiful!