Also, for the experienced BRRRR folks out there, are you holding true to the 50% Rule on Cash Flow on each project? 

QUESTION for the BP community - do you represent yourself on deals where you are buying in the state where you hold your license?

Hoping to hear good/bad experiences of buying, holding, *and successfully selling* rental investment properties with Invest 5S (https://investwith.invest5s.com/).  

Holding onto a HELOC long term is painful, so you'll want to make sure your exit from the HELOC is planned out. 

This seems like a lot of work to save 15% of $35k in taxes (Less than $5k.) especially if you have transfer taxes or title insurance, or you convert your long term 15% rate in to your son’s regular income tax bracket.I hate paying taxes as much as the next guy but this lemon isn’t worth squeezing.

Each exchange starts the clock again, and you lose the tax benefit if you do not hold and rent out each property for enough time to satisfy the rules.6) I used a 1031 exchange lawyer in the city that I purchased in.

Holding out for a strong or higher rent during this time can cost you money.

It would hold up to water or condensation from cups.

You can exclude all appreciation on the original capital gains investment when you exchange or sell a property in an opportunity zone if you held it for more than 10 years.You are able to permanently exclude 10% of deferred gains from capital gains tax as long as you hold the property for at least 5 years and 15% if held for 7 years.Deferral of recognizing capital gains after the sale of a capital asset as long as the capital gains are invested in a QOF within 180 days of the property disposition.

In your experience do those rental comps hold true if you go North of Addison (specifically Irving & Kedzie area).