My wife and I have never really followed the $$/sqft. approach because it's not as accurate.

We regularly take over properties from managers who haven’t performed well, and it’s a seamless process when done right.

One thing NOT in their contracts is their performance numbers.

Once you have a market chosen I'd connect with a realtor/wholesalers in that market through BP or Facebook groups to get a first hand view from them on how their market is performing.

Accurate records of all expenditures are essential to claim deductions and calculate the cost basis for future capital gains taxes, including depreciation recapture.This post does not create a CPA-Client relationship.

@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.

Quote from @Jay Hinrichs: Oregon finally passed legislation to reel in unlicensed wholesaling its in this months publication from the state RE agency.Highlights:Goes into effect  July 1 2025Requires:On line application to become a licensed wholesaler  ( RE agents exempt from this of course they already have licenses)Name of company and individuals who will be performing these services.Each one needs a full criminal background check and approval prior to receiving the license.300.00 annual fee for the license.Written Disclosures in Bold 10 point.These must be given to Buyer and Sellers prior to entering into a wholesale contract and signed for.Also RE brokers assisting wholesalers need to give these to potential buyers and sellers.

As the market evolves we've intensified our commitment to helping investors focus only on listings that are eligible for vacation rental usages and either; have exceptional existing production or high potential for rental performance.

That just puts too much pressure on a property to perform and adds a bit more risk than necessary. 

Start by leveraging your skills to identify undervalued properties, perform cost-efficient renovations, and build sweat equity.