Stationed there almost three years, sold with profit and tax break for how long we lived in the house.

My last Tax Deeded Property returned 233% ROI.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

Building good relationships with tenants and professionals while planning for future scaling opportunities can also help you grow sustainably.Good luck!

As someone who manages over 1,200 properties, I can tell you that proper screening is where professional property managers (PMs) really shine.Here’s why working with a professional PM is worth it:Screening Expertise:Fraud in tenant applications is more common than many realize.

High taxes, a declining population, and an environment that is less than friendly to businesses are important factors to consider.

Also, the tax benefits of the buy and holds help offset the increased tax consequences of fix and flips.

Hard money loans offer fast approval and don't risk personal assets but come with high-interest rates and fees, which can be tax-deductible as carrying costs.

You'll be able to defer a bunch of tax with this purchase.