luxury cabin, 3100', 4/3/1, nice finishes including spa and sauna, in high fire risk area with total property value ~$500k with CA FAIR was just over $5K fire only. 

Hi everyoneIdk how to feel about this.In 2021, I purchased a property that used to be a duplex.

While I’m new to being a real estate agent, I’m not new to investment properties.

Here's how a seeming tax disaster turned into a strategic triumph.Picture this: You're sitting with your CPA, reviewing the sale of your residential rental property.

Never wise to lie, especially about property improvements. 

It will NOT be an A/B class property. 

Renting to Section 8 Long-Term TenantPurchase Price = $250,000Renovation Cost =$3,800Appraised Value = $270,000Monthly Rental To Section 8 Tenant = $2,800Monthly Mortgage Payment = $2,100Monthly Reserve for Maintenance and CapEx = $200Monthly Cash-flow = $500Another investment property was closed and added to my rental portfolio.

You can certainly find a property for cash flow that may also bring you a strong return on that investment.

Found T&H realty services to be pretty interesting as they provide both buyer brokerage service (to help me find deals) as well as do property management i.e. they are not full turnkey provider necessarily, but reduces some of the hassle for me I guess as an out of state investor. 

Quote from @Stone Safaie: Hey BP community,I’m fairly new to real estate and interested in investing in 50+ unit properties.