If you decide to sell and find an investment property with a greater cash flow potential.A 1031 exchange would allow you to indefinitely all of the tax and use it to your advantage to reinvest into larger nicer property/properties.

I do not look for or go after the leads because of ONE thing I keep on preaching.

I did receive an update shortly after posting here.

We usually have inspection clause in our agreements for no more than 10 days after EMD is completed. 

Evicting them, even after purchase, could be a lengthy and costly legal process.

I've also leveraged their webhooks to automate additional things on my end like setting the thermostat to the appropriate temperature an hour before the guest check-in and turning it off after they check out.

Britt,My firm has evaluated some smaller properties (under $500k) in the past for cost segregation, and it generally does not cost justify moving forward, since the benefits are small, and typically the tax liability on the income is minimal if any.

But after a flip, you will probably sit on the market for a while depending on the location approximate nearest city. 

Rents have been pretty close to what the housing authorities advertise, sometimes even a bit higher.Fort Wayne’s a solid spot with low taxes and good cash flow—definitely worth looking into.

Also, to disclose to the tenants I am a realtor, do I just put that after my name on the lease?