I like the good ole days were you had to have at least 10% down  and HML was one who did 10% seconds and the banks were never in the deals more than 80%. also when dealing with a big bank they state a rate today that they lend at its not some mortgage broker trying to up sell the borrower by 1/2% so they get a bigger kickback on the loan... that's is counter intuitive to taking good care of borrowers.

And to respond to @Travis Lloyd I think San Francisco offers equally colorful and highly counter intuitive market dynamics :)For instance, we also have those pesky non profit guys hanging around the courthouse and stepping in the last minute to pay a tenants rent just so they don't get evicted!  

This helped build a good sense of intuition when looking at properties.

My intuition told me he was serious so I only showed it to him and he ended up signing our assignment contract the next day.The seller needed a long close to move, so I chose a closing date of 10/22/21 or sooner, with plans to close on 10/15/21.

My intuition told me he was serious so I only showed it to him and he ended up signing our assignment contract the next day.The seller needed a long close to move, so I chose a closing date of 10/22/21 or sooner, with plans to close on 10/15/21.

My intuition says long term capital gain, but I wanted to check so I can make sure to plan the rest fo the tax year appropriately.

HiPaul,If you are using QuickBooks you can search for an advisor in intuit website in your area who can help with both accounting and taxes

Intuit parent company also owns turbo tax.

It is made by Intuit.

Ask them what their holding costs where, rehab cost, and selling fees, and then practice your *** off.You will get a feel for it and eventually you will become so good at it, it just becomes intuition.