AND this is crazy important because--guessing, presuming, and assuming are not how you get to reliable numbers for a renovation. 

Sellers view cash offers as more reliable, which often leads to a smoother transaction.  

A friend recently asked me to compare two Houston zip codes, 77008 and 77063, from an investment perspective.Now, I'm a big fan of Texas, but the first thing I said to him was that the weather is HORRENDOUS.

Will it reduce my cost of living when compared to renting?

Compared to pre-TCJA rules, there is no material change in the tax treatment of a building involved in a like-kind exchange, where a cost segregation study has been performed.

If done this way, the investor could use this as a powerful tax strategy to spread the taxable event over years, lowering the effective tax rate faced from the taxable events.I have heard professionals compare it to an installment agreement, but with more control.

By asking for the break outs it'll give you a few ways to compare numbers on a comparable basis.

Hey Chris, good to hear from you, thank you for your detailed opinion that you brought here, you made me think about it deeply and to compare markets, I'll do some homework this week :)@Chris Grenzig

Plus, with fewer building structures to upkeep compared to apartment complexes, your repair expenses remain relatively low.Mobile home parks also have the potential for high returns.

Instead of leaving equity tied up in the property, you can refinance and put that money to work on your next investment.Advantages:Leverage: You’re using borrowed money to increase your purchasing power.Long-term Wealth: By holding rental properties, you benefit from appreciation, passive income, and tax advantages.Scalability: The ability to keep reinvesting capital makes it easier to scale compared to traditional buy-and-hold methods.Is BRRR Right for You?