Most land bank properties, Detroit or Wayne County, are trainwrecks and cost more to rehab than they are worth - unless the market keeps improving.Be careful on the next one, but keep improving Detroit!

I don't expect material improvements until 2026 at the earliest. 

The only way to improve is through those moments where we fail. 

Out-of-pocket capital improvements and repairs anticipated during the first year12. 

I love to learn and share with others to improve their real estate journey. 

The property manager should be involved before you buy any property to give input on due diligence, how to increase income and reduce expenses, and to make repairs or improvements to maximize occupancy.Excellent property management is critical to your success before, during, and when planning to sell or refinance.To your success!

I find that cash flow is very important so that I don’t have to come “out of pocket” to pay for major improvements / repairs  

Net Sale - Is the contract price, minus the closing costs and commissions.Adjust cost basis - Is the purchase price, plus capital improvements, minus depreciation.

Before listing it on an STR platform, I need to make some improvements to my current home.How can I maximize tax write-offs for these improvements?

If you believe you can carry this place, without a negative carry, make any necessary repairs and can make changes to improve the rents...