Deals seem to be pretty easy to find, fix and rent.

@Kyle Carter we manage around 700 doors, with 92 of them being S8.When S8 applicants are properly screened, they can statistically perform a decent amount better than cash-tenants.

But a certain amount ( the dreamers) go into CC debt to pay for it.

A heloc is also calculated at it's Max amount usage even if not used during underwriting for a new mortgage.Cash out is tax free and it can be used as an "Asset or Liquid reserve" on new approvals. 

Unfortunately, those are treated as personal expenses and aren’t deductible.As for the repairs and improvements, fixing leaky pipes counts as a repair and can be fully expensed in the current year.

Since flips are typically treated as dealer properties, profits are taxed as ordinary income.Please make sure your entire structure is properly analyzed for you to save most amount of taxes.

I saw the list almost a year ago and we started working on fixing every issue we could that was on the list so that we would easily pass when the inspection day came.

With a cash out refi, your rate is fixed, but you’re also paying interest on all of those funds instead of only what you draw.

First, I would never try and provide tax advice to a seller, it will get you sued, especially to a 100 year old person.Regarding seller finance, since the amount is spread out over long term, they should check with their CPA on how they are or are not taxed on the gains as well as interest on the loan.

Investment Info:Single-family residence fix & flip investment.