Hanbin,When something is turnkey, the value has already been extracted by the provider in general.

What I extracted from their interpretation was, yes as Dec 31, 2026, is less than 10 years away for the most taxpayer if they do this right now and afterwards, the deadline is expected to be renewed for a taxpayer to fully take advantage of this provision.

Of that 200k, 50k was earned income and 150k was equity extracted from another property.

Then you extracted equity via a heloc.

If they refinanced is and extracted out their initial investment the return would increase further.BTW the house my parents purchased in 1969 for $19.5K is worth ~$1m. 

I used to do primarily BRRRRs and those properties were purchased and my full investment was extracted. 

@Patrick KaiserFlippers are trying to extract all the juice from the orange so to speak and I've dealt with this before.

Many users on this site believe CA has poor cash flow, but for long holds it historically has outstanding cash flow (if value is not extracted). 

My mom’s trying to retire and extract the money owed her by the charity (which the charity’s board desperately wants to make her whole).

The idea here is to use the mail system after having identified properties in which you think the seller would need to extract their equity.