Make a long list of all the lessons you have learned.

A few months ago I started attending a local investors meeting and have become obsessed with learning about real estate wholesaling.

Sold and made profit Lessons learned?

There could be local considerations that are tax and inheritance related.Thanks for the reply Ken.

Networking with other investors and professionals is crucial for learning and finding opportunities.

From a tax implication standpoint, it can be tricky but if done correctly, not a problem.

I've been using the GE  GFW148SSMWW // GFT14ESSMWW models which comes to $1,650+ tax for units and stacking kit. 

The first is that there's no consensus between tax professionals, and the second is that you will not like my personal interpretation.My interpretation is:Until the property is "placed in service" - everything goes into basis.Illustration.You buy a property July 1st.You finish rehab November 1st and put the property on the market.Your tenant moves in January 15th.The property was placed in service November 1st, and it does not matter that the tenant did not move in until the next year.Everything paid between July 1st and November 1st, including interest and utilities, goes into basis.

Ensure you collect a proper security deposit (typically one month's rent in Florida) to cover potential damages.Your plan to increase rent next year makes sense given rising costs (taxes, insurance, and maintenance).

Current rent…,,,,Alternate rent……..If you bought monthly PI, ins, prop tax, maintenance, etc………Your cashflow available on top of your current rent.