great thing about that is you can move in less than a year and simple turn it into a rental with all units and buy a bigger primary once you have been there a while and know which area might fit better for you and your spouse.If you ever have any questions about Denver or in fgeneral even if you want to talk strategy or options feel free to reach out. 

If single you would have standard deduction of $15,000 plus LTCG tax bracket of $48,350 giving you room of $63,350 to fit income and converted amounts in before you pay any tax.

However when a great property that fits what we like (ugly and a great price where we can use our skills to make it beautiful) comes around that we can take advantage of our position and get it, we want to be knowledgeable about that property type and be able to jump on it. 

Some lenders offer construction loans, or you might consider a home equity line of credit (HELOC) after acquiring the property if you build equity quickly.Long-Term Goals: Consider how this fits into your long-term investment strategy.

The market can be tricky with its block-by-block nature, but it's been a great fit for all-cash purchases like yours.I also have a team on the ground in Detroit that helps manage everything from finding deals to overseeing rehabs, which is crucial for out-of-state investors.

I would research and drill down what is required from each and see if it even fits you.

There are a number of Cleveland neighborhoods that would fit your criteria including North Collinwood, sections of Clark-Fulton, and Lee-Harvard just to name a few. 

I plan on expanding to a PPC budget very soon.For BP, my goal is to not only learn and connect with any and everyone but also contribute wherever I see fit.

Even though they are the expert, you still need to ensure they fit you well.

I’ve lost a lot of money on my 3rd deal, and it was very distasteful.I am keeping my eye open for better strategies, just haven’t found one that’s fits me better than BRRRRR at the moment.