What made you interested in investing in this type of deal?

Early on, I was locked into a competitive mindset, but once I started collaborating—whether with wholesalers bringing me deals or flippers looking for exit strategies—it became a game-changer and ultimately made me more successful.

However, I have a good amount of friends who have made WA work very well for them.

The accurate P&Ls made it so much easier for my accountant to prepare the 2023 taxes.

To me, it was a huge learning lesson when I made that mistake.

Along with a kiddy-pool sized litterbox in one corner of a room, cat urine and feces in the OTHER corner of the room on the carpet (newly installed by the seller when I bought), and a smell that made my eyes water walking in the front door.The lease has a clause for Tenant-Caused Damages resulting from tenant negligence.

It has made me question how can people live the way they do.

From a tax perspective, you'll want to take what you paid for the property plus calculate the improvements you made to the property during your time of ownership.

After meeting with a number (like 8) different contractors the quotes i got back made the deal, not a deal (i think). 

This doesn't come cheap--these folks were making high six to seven figures depending on volume.We focused on lending to professional real estate investors--so our customers were frequent repeat borrowers.