He swooped in and bought about 18 of these lots and reconfigured them and now has about 15 to sell and will realize about a $2M profit when all is said and done plus having his larger home lot paid for. 

I'm a bit further up the tax brackets and the tax savings could be substantial when buying more expensive properties thanks to the larger depreciation expense. 

Then pursue a refinance to pull out your renovation costs, or sell when the market allows a larger spread between costs and selling price.The key is finding the right markets and deals that make economic sense for your flipping model.

If you are willing to put down a larger down payment it might make sense with the flexible underwriting they offer, especially if you are going to run it as a MTR. 

.- Scale Gradually: Instead of jumping into larger, riskier investments, consider scaling by adding a few more single-family homes each year.

Here are a few tips for managing a rental in the DFW area:Screen Tenants Thoroughly: Conduct background and credit checks to ensure reliable tenants.Understand Local Laws: Familiarize yourself with Texas landlord-tenant laws to avoid legal issues.Maintain Good Communication: Establish clear communication channels with your tenants.Keep Up with Maintenance: Regular maintenance can prevent larger, more costly issues.Consider Eviction Procedures: Be prepared for potential evictions.

It focuses more on larger multifamily deals, but it gives you great insight on the value you can add when dealing with anything considered commercial real estate.

The city has seen a rise in rental demand, especially for multi-family units, as more people are drawn to the area for its relatively lower cost of living compared to larger metropolitan areas on the West Coast.Investors looking to enter the Spokane market for small multi-family properties should keep an eye on key factors such as property location, rental trends, and local development projects.

Start your real estate investment journey with Brandon Turner's "The Stack" method, starting with small multifamily properties and gradually moving to larger ones.

Often getting fewer, larger cabinets is better than more smaller ones (eg 2 30 inch cabinets instead of 3 20 inch ones).