I host a monthly meetup, and there are several others in the area that would be smart to check out. 

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

They heard it's smart to invest in real estate, they have money to burn, so they plop it down.

This is a place where I will have many questions moving forward with how I would like to structure my plan and be able to move smartly. 

Hi Julia, Starting out in land flipping can indeed seem daunting, especially when you're facing high costs for educational resources and feeling the pressure to make smart investments without a solid foundation of knowledge.

So yeah, city wants an investor to be local or use local professional management, and it's a smart win-win for everyone to head the advice. 

They have their own CRM, smart number, and an entire accountability and training program.

Your GC license is not related, but smart of you to conduct your business the correct way.

But it might be smart to do, just wondering if it really is necessary.

If you play it smart and invest in a "Primary Home" first by targeting a Multifamily 2-4 unit home.