Quote from @Matthew Samson: We plan to turn our current house hack into a long term rental.

The property is a duplex, and he plans to give all the proceeds from the sell to his daughter.

I ended up hiring an architect for floor plans and to deal with the city.

Validate planning zoning requirements and access to utilities.  

If you plan to scale at all, I recommend QBO.

I would pay I/O for 5 yrs, and then ri-fi but you HAVE to hit your pro-forma to execute this plan. 

What was your plan to manage the property especially when you are not living in that area/ country.

Purchase price: $25,500 Cash invested: $10,000 Sale price: $69,900Quick Fix & Flip.Property was completely deserted & the family was indecisive about their plans for the home after a recent passing.

You just won’t have rent during the rehab period, you don’t need to deduct it from anything - just don’t plan on getting any.

Every investor has a different game plan.