I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

To learn how to solve a relatable problem. 

Quote from @Michael Overall:I understand the utilities will go to basis, on the interest is it able to be yearly deducted based off the conversation you referenced if using form 4952According to one of my colleagues on that thread - yes.According to court - no.

@Ricky Smith if you continue to expand, how will you hire help w/o a PMC set up?

I do not have the capital for the property to pitch in, so I plan to use the investors money to secure the property.The interest rate that I will pay the investor is 5% for up to a duration of 20 years.

🙌 Success really does come down to mindset, systems, resilience, and—most importantly—consistent action. 

Large deposits are nice, but very difficult to actually get access to escrow funds in the event of default.

You’re going to have to buy at least $1M (or whatever you clear after selling costs.), worth of replacement properties, not $500k.

Going to the events page above and seeing who is hosting meetups along with connecting with people at these meetups is a great way to grow your network of people within a small 25-50 mile radius.

Their pivot to ADUs more recently is an attempt to increase affordable housing in many of those same areas.