But please for the love of all that is good, plan your exit strategy with their property management, because that has been a giant dud for me and do not see it getting any better should they continue the hands-off, digital approach to placing & managing tenants.

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

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.

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.

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

Saw it in 2020 and its happening all over again for different reasonsI have invested in the areas myself and plan more in 2025 to take advantage of the huge tax benifits to come.

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.

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

Since the owner needs to pay your attorneys fees (essentially limited by statute, so can be estimated) in connection with a redemption, all of that math should be part of the planning.