A cost segregation study was performed on this single family home in Iowa City, Iowa with a depreciable cost basis of $649,900.

Readers are advised to seek professional advice

So you shouldn't count on appreciation to justify under performing STRs.

I strongly advise anyone purchasing an old house to flip to ensure they have a clear understanding of the condition of the home's drainage system.

This is a straightforward process that we’ve followed to consistently deliver high-performance properties, and it does not require secrets or gurus.

I did read someone on these forums advising against it too.Any advice/insight about this?

preREO is a marketplace for non-performing mortgages as well as REOs.

@Ming Huang Based on the numbers you've shared, I would advise against the deal, unless you can negotiate the purchase price down and/or rent it for at least $1,150.

Any advise is greatly appreciated on the subject! 

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