The rents that the seller pays (discounted) are going to trip up trying to refinance out of hard money as any lender will use the lower amount to qualify thus cutting your loan down to be able to make the rents cover PITI.

Honestly if this is your first deal I would suggest looking for something else that is much easier to cut your teeth on.

NOPE... you gone....If you keep the bad one and let the good one go, the bad one will only poison the next one too... cut out the cancer and be done. 

A lot of these lead sites operate on no upfront cost, but they take a 20-30% cut out of your commission if you close the deal. 

@Gabriella NataldieTo make a strong financial future, think about getting more cash through side jobs or freelance work, cut down costs by making a budget, and use your saved money smartly.

The work I do is for a waterslide company and they don’t report anything, and I cut grass as well while being a full time college student.

We are looking at moving the stairs and have them go up front to back which means cutting through more side-to-side joists.3) Anything else in regards to this part of the reno that we should be concerned about?

These CPAs have their own companies and are taking a pay cut working with WealthAbility in the hopes of gaining wealthy well-vetted clients.Of note, there is a clear difference between tax strategy planning and tax preparation and the $25k paid was claimed by WealthAbility to cover both.

Hopefully, that every corner you try to cut to save money - has potential negative repercussions!

Your CPA's took a "short cut"  They included the 2022 depreciation along with the 2023.