However, we did have a tenant who stopped paying, and because of how impacted the eviction courts were, it took 6 months for him to get evicted.

Real estate transactions, especially flips, come with specific tax implications such as the potential for dealer classification, short-term capital gains, and cost allocation for renovations, which can significantly impact your tax liability.

The possibility of vacancy would also grearly impact the cash flow as well.

@Augusta Owens here's some copy & paste info you won't find in a book:)-----------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

This section should outline the process for documenting and approving changes, as well as their impact on the budget and timeline.

However, for longer-term profitability, flexible loan terms often have a bigger impact, especially with interest rates or repayment structures that align with your goals.

Is it worth it to deliver an exceptional customer experience if 1) no one expects it and 2) it could impact profitability? 

While 1031 exchanges are governed by federal law, some states have their own nuances that can impact your transaction.

It will be interesting to see how Kentucky's economic growth impacts these areas. 

And moving from a triplex to fourplex generally has no impact to the $/sq ft appraisal.