Planning for a full renovation from the start is a smart move because it gives you a more realistic view of your budget and timeline, and it allows you to aim for the highest ARV without cutting corners.As you move forward with this flip, make sure to track all your renovation costs closely, since it will help you with more accurate estimates on future deals.

Developers are seizing the opportunity to convert these spaces into much-needed retail and healthcare facilities, bringing new life to once-abandoned properties.The Future of Closed Drugstores: Plasma Centers, Restaurants, and Dog Parks

Whether it's regulations on eviction, tenant rights, or property maintenance, being aware of these rules can save you from future headaches.

You are buying a future stream of revenue, but with some key advantages.

Your story emphasizes the importance of not overleveraging and making calculated moves, which has clearly paid off for you.Congrats on your success so far, and best of luck with your future investments!

I see a very bright future for you!

Of course Gene,Your losses offset your gains.You can even carry losses into future years.Please consult with a tax professional though ;)

With $1,050,000 cash invested and a purchase price of $950,000, you likely have significant improvements made to the property.If you're considering scaling this strategy or need advice on financing future acquisitions, feel free to reach out.

You will have an opportunity to refi sometime in the future where you can increase cash flow and/or recoup down payment. 

Very good, and I think in the future excellent, equity play just not tangible for the average investor now.