@Bao Vu From a bookkeeper's perspective, here's how this should be reflected:Tax Basis for the Flip:For tax purposes, the purchase price of the property you flipped (bought in 2023, sold in 2024) will count as part of your cost basis.

Resources / perspectives for ADUs in SLC are more than welcomethank you so much !

Thanks again for sharing your perspectives Bruce.

I'm coming on the forum to get some perspective and insight.

If you are near the end of your journey and simply looking for stability and low overhead then I could see paying off mortgages, however that is not the most adventegous from a wealth building perspective. 

4) If yes to #3, then may I have the link for such a information from a Limited Partner perspective? 

@Kevin Zmick  I would also add your part of the city to get local perspective but it looks like you might be in Chicago?  

I’m eager to connect with fellow investors, agents, and local market experts who can offer insights and share experiences.I’m excited about building relationships within this community and would love to learn more about your perspectives on the market.

This credit amounts to $1,666 per month, with the monthly rent set at $3,300.From an accounting perspective, should the $1,666 per month be treated as a liability (deferred credit) and excluded from income, or should it be recognized as income and then applied as a credit at closing?

I have a similar perspective, as I am right on your heels with the same decision, so I'm naturally inspired.