Best of luck and congrats on the new property  Yes they know!

Would appreciate honest feedback for the best way to get and stay organized!

When you sell a property that has been depreciated, the IRS requires you to "recapture" the depreciation deductions, taxing that portion of the gain at ordinary income tax rates.

Most 1-4 unit real estate investors are using DSCR loans right now for any buy and holds while flippers lean on higher leverage bridge/fix and flip loan options with higher interest rates.

This works best when the seller is motivated and open to flexible terms.4.BRRRR Strategy (Buy, Rehab, Rent, Refinance, Repeat)– If you find the right undervalued property, you can finance the rehab with short-term funding and then refinance into a long-term loan, pulling most or all of your money back out.5.House Hacking– If you’re open to living in your investment, you can use an FHA loan (as low as 3.5% down)to buy a multi-unit, live in one unit, and rent out the others.

However, value add with a sale is not as implacted by rates.  

:I had a consultation with Andersons a month ago... his youtube videos are great and a lot of good information... but they have packages... and are VERY VERY expensive... for the same setup as other companies for a lot less.I contacted Royal Legal Solutions as well... packages as well and expensive.I also contacted the Small Business office in Kansas and a couple of local lawyers.So far Mark J K has been the best consultation and fees as very down to earth... but will confirm tomorrow :) 

I wish you the best on your live in flip this year and hope to hear of your successes/lessons learned from it!

No one accountant is an expert in all areas in the tax code, so best to figure out what you want first in the world of real estate and then dive deeper there. 

Or the one before that of a close up of a corner of a white wall.... are you telling the viewer there in the corner?