Focus on setting a clear minimum profit threshold (e.g., $20K-$30K or 10-15% of ARV) to ensure your efforts are worthwhile.

For example, properties became available at the onset of COVID, during a snowstorm, a hurricane, a major holiday, or after some other unexpected event.

@Nicholas Aiola --Good evening - quick question regarding a post I made on setting the Dwelling basis for depreciation:   --Purchased first duplex - Early April 2018 - $369,000 - California- New Tax Assessment received assumes $143,541 (Land) and $225,459 (Fixtures)  = Roughly 39% Land/61% Dwelling Given the higher value of land in California, am I to just use the $225k figure (+loan costs at closing) as my basis?

I know if they lose their job, they will notify the housing authority and then the housing authority will adjust accordingly and pay all the rent.Like I said there is plenty of info right here on BP about how/why to rent to tenants on Setion 8, and this was before Covid.I have rentals in Contra Costa County and Alameda County and for years have only placed Section 8 tenants in those rentals because I know how tenants can abuse the system in a tenant friendly area.

My guess is that LA will eventually be less creative people, particularly in that field as more industries move in and less actors move over here in the first place or must spend more time on sets away from here, discouraging the need for housing here as well.

Once approved, your business can promptly begin running soft credit pulls on clients.For more detailed information, you can refer to Soft Pull Solutions' guide on setting up business credit report access.

I do all long term but its something I have noticed when doing research on setting rent prices.

Your thoughts on setting up the guidelines before they sign the dotted line match everything else I've learned.

.: Congrats on setting yourself up for success on this one! 

If you have any additional tips or resources on setting this up or ways to avoid the common pitfalls in this field, I’d be grateful to hear them.Thank you for offering to share a step-by-step blueprint—it’s exactly the kind of actionable guidance I’m looking for to make sure I approach wholesaling the right way!