This is largely all profit since we're doing the build all-cash and no plans to refi.You may not have STR options in Berkeley but could you run it as a mi-term rental?

Purchase price: $95,000 Cash invested: $30,000 Sale price: $173,000 Purchase price – 95,000Closing costs at purchase & sale - $6800Total renovation costs $21,935Sold for - $173,000Total profit – $49,265https://www.zillow.com/homes/11311-marbern-dr-hagerstown-md_rb/37683475_zpid/https://www.realtor.com/realestateandhomes-detail/M5889931134https://www.redfin.com/MD/Hagerstown/11311-Marbern-Rd-21740/home/15360019 What made you interested in investing in this type of deal?

Is it risky , yes, is it profitable, it can be very profitable, but learn how to reduce your risk.

If you sell now you won't be paying tax on that profit!

This profit ranges for price points around 650k +. 

Thinking about starting in Florida.Thank you very much for your attention and have a wonderful day & profitable invetments!

It seems the goal is to hold for 10 years, then sell and profit on the back end without capital gains tax.

But it’s not a profit center or a good investment unless you live in an area with tons of sunshine, very expensive electricity, and you get to spend someone else’s money to do it in the form of tax rebates.

This can be complex and requires agreement on the valuation and division.Continued Joint Ownership: In some cases, continuing to own the assets jointly and managing them through the LLC may be an option, especially if they are profitable and both parties are willing to maintain a business relationship.

Live in the area and owned a profitable unit nearby How did you find this deal and how did you negotiate it?