hey @Matthew Toporowski, at the least I would check their financials/tax returns to see how profitable they are (which translates into how easy it will be to pay your rent).

That includes property insurance and property taxes.

For sure get hard quotes for the reno and for insurance and property tax increases.

This would lower your down payment requirements, lower your interest rate, lower your property taxes, and MAY make you exempt from state income tax.

There are advantages to many real estate assets, but that doesn't mean you invest in the them just to get a tax liability.

.- Selling could yield $400-$600k, mostly tax-free, if sold by spring 2025 while within the 2 of 5-year capital gains exemption.Options:1.)

Are you looking for the property tax income or the property itself?  

@Kent Ford Before investing in any area of Texas I would analyze the last 3-4 years of property tax bills.

If you’re concerned about paying personal capital gains tax, remember that flipping the property means you’ll take the profit all at once, while with BRRRR, you can defer some taxes and have the property generating income.So, here’s what I’d do in your shoes:If you can make a decent profit flipping and then use that cash to roll into your next investment, you might be better off taking the cash, at least for the first project.

What are some decent areas with low property tax and high occupancy rate?