Fix&flip model of REI is not simple as it is in paper by numbers especially if you are getting into the space.

Total losses amount to ~$12k: captured from net of box 1 (ordinary loss), box 2 (net rental loss), and box 4c (total payments).

Very quick and simple read that boils down the importance of investing in cash flowing assets such as real estate.

Your mentor has needs; try to meet them and develop a mutually beneficial relationship.A mentor can benefit your growth, but it's not as simple as one post on a forum full of strangers.

If the house is really clean a flip investor may look at the deal as a simple upgrade/update rehab, which might work within their numbers at $90K-$95K.

People like to make things harder for themselves because they think some mysterious pixie dust will give them protection from Bigfoot and cannot answer the simple question“Why are you so concerned you need a LLC to own property over insurance”

It's highly likely the people that came out were simple tree cutting services, not educated arborists (who gets 3 estimates in an emergency?)

If you sold and rebought the identical condo in the same building your cost basis would be the new higher cost, so you’ve captured all the gains tax free.  

Ah, if only it were that simple.

I like simple, automation, hands-off, less, no fees, etc.