I spent $33,836 renovating this unit.Here's the breakdown:-Quartz Countertops: $3,500-Heat Pump System: $5,500-SS Appliances: $1,773-LVP 20 MIL Flooring: $4,406-White Shaker Cabinets: $4,000-Washer & Dyer: $400-Bathroom accessories, ceiling fans, black matte fixtures, toilets, light fixtures, faucets, etc. : $2,347-Paint, all new doors, plumbing fixtures, drywall work, garbage disposal, carpet, bathtub: $3,934-Labor: $7,976The previous owner did not do any updates to this unit for the last 25 years!

We know that the term "Buy Box" refers to an investors standard that could give him/her the green light on buying a specific property they might be looking at, if it passes that standard.I believe that I'm lacking in the correct nomenclature and can't find the correct terms to describe this idea or concept that I'm trying to convey.

This issue is coming every year, and a few tax pros I have talked to are not doing a good job explaining it.Can someone shed some light on this?

Balancing these responsibilities with the demands of this project, including finding suitable contractors, organizing communications, and ensuring timely responses, has proven to be quite demanding.In light of these circumstances, I am seeking insights on potential additions to my real estate team that could streamline this process and enhance its efficiency.

But you can pay $5,000 on some training course to make it sound like money falls from trees when trying to be a wholesaler or implement your idea.

All new LED lights and lite fixtures.

I agree partnering is something I won’t take lightly, I really would want to collaborate with folks that are on the same page and have similar goals that align with my own

People just highlight one, usually :)   Agreed,I will tread lightly and I have real affordable houses about 30 minutes from me.Plan is to start with some flips then take profits into rentals slowly.

In light of these circumstances, I'm seeking advice on the best financing options to address this costly project if insurance coverage falls short.

I don't say this because I'm a HML, but because I just don't like the risk/liability of holding a rental property in my own name.But again, I'm not in that business...Maybe someone who is can shed some light / give better advice...