@Kaleb JohnsonRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Hey Jimmy, sounds like a solid project with good cash flow potential.

(Sale price - selling costs) -(purchase price+ purchase costs)- renovations = taxable gain. 

If a project is profitable, wouldn’t you rather have some cash flow rather than none?

Rents started to come down and I had to leave a lot more money in projects that I was in the middle of.  

Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?

I'm interested in following this project when/if you kick it off. we have this in columbus. 58 rooms on .1 acres. 28000 sq ft. but this site the land is 50k it's set same as columbus but in miami dade county but sounds good. are you more interested in the miami one or the columbus one? 

That would be the best move for you to find good contractors and reliable ones for your projects.

It all started with removing some interior walls and changing the floor plan, removing a chimney, adding a bedroom and bathroom, installing patio door to the backyard, and completely renovating every other interior element What was the outcome?

Are your projects at about completion?