We’re not used to seeing emergency declarations as frequently as they do in Florida.Our borrower is a local rehabber with a property scheduled to be funded today and close tomorrow.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

Frequent hail storms pushing insurance rates up in that market. 

I think Duluth is a good if not great market but it means nothing if you can't execute.Hey Tim thanks for chiming in, yes I have friends in st Paul who frequent Duluth. 

@Bryan HartlenManaging low-end properties can be demanding due to higher tenant turnover, increased maintenance needs, and frequent rent collection issues.

So your $10k could get you a property but what you don't think about is the tenant class is lower and the ups and downs are more frequent.  

If you’re in the position to buy multiple deals because this nursing home may get properties frequently.

Yes, there are times they do win and make money, but not on a frequent bases in my experience.  

For example:If families frequently comment on the lack of child-friendly amenities, adding a crib or high chair could increase bookings.If professionals mention the need for workspace, consider adding a desk or ergonomic chair.Tailor Your Listing DescriptionOnce you’ve identified your target audience, write a listing description that speaks directly to them.

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