Quote from @Mike Romano: Hey everyone,I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks.

We have had tenants stay for over 30 years and have current tenants who have stayed 25 years and several more than 10 years. 

As others have alluded to, buying larger units or a house near the beach is a better play. 

Here's a short list of things to consider when looking at lower priced properties:What condition is it in?

Glad to see you have the right idea at such a young age. 

I have a few people interested in investing with me strictly as cash partners.  

My question is do I have to recapture all the depreciation for tax in 2025?

This is useful information but much more useful would be a look at the pitfalls.

Things just require more ongoing expenses percentage wise out of state because you have to pay people to do everything for you and you will have a longer time building relationships with vendors even when getting decent referrals. 

Have a great holiday everyone.