It has led to opportunity (to acquire) with the inaccuracy of the rev calc as we have seen performance vary from what they show.

i was exploring and saw some of the neighborhoods in kyle, Tx has school ratings like 8 and brand new houses in the range of 300K with potential rents at $2200 per month so overall making them cash flow positive. however, i am not sure why Kyle is a popular place. it is mid way between austin and san antonio but that does not seem to be a strong enough reason. 

When you are fixing and flipping a house is the garage door something that usually gets changed to a brand new garage door? 

We have a lot of 2-bedroom oceanfront condos under $350k that perform well. 

Being brand new you may not know all the ins and outs of flips… but it’s easy to get exploited in a number of ways by people you hire to do the work.

Understanding the impact of operation expenses and cap ex when those events occurs is really critical to the performance of real estate. 

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.

The key is to have a team in place that performs for you and that you trust...no matter how you structure it.

Typically before the land is purchased, I advise buyers to perform all of the due diligence starting with the zoning and development code to know what is even possible within the confines of the existing zoning with the city/county.

What "is" financially responsible is easily accessible to find, as is the simple math performed above.