. ;-)  Actually, all the progressive s**t didn't start until 2019. 

Hey William, congrats on your progress!

Right now (Q3 2024) everything seems overbanked/overbought.Currently, my focus has been purposely broad but currently split between: A) SF business (wholesaling/rehab) I was asked to take over (on almost no notice – am still badly catching up) and B) Small balance MF and mobile/manufactured housing (<~50-100 units for physical/operational value add)I have made some progress on each but not where I would like to be although I have just recently gotten involved in the sub-institutional space again.

As rental rates progressively outpace expenses over time, the growth in cash flow can provide a reliable income stream.In line with my investment approach, I focus on these three key metrics when conducting property analyses:Initial Equity at the End of Year One:This equity can result from either a down payment or improvements made during a rehab phase.

If you’re working on large projects, you can use progress invoicing to bill in stages, sending part of the invoice at different times.To learn more about quickbooks, contact us now!

Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

Capital improvements (I call this my WIP, which stands for work in progress).

I will do that to see what I should anticipate and track my progress against a "happy path" future P&L.Appreciate the clarity on the 1031, that makes sense now.

How are things progressing with the work on the house?

I'm keen to stay updated on your progress.