Some of these comps aren't in the same subdivision and the sqft for all of them are a lot less than the original property.

Originally posted by @Greg O'Brien:@Tim Silvers where did you end up and how is it going?

. - Thought you might want to check out my response to this original post too. 

Originally posted by @Scott C.

My client bought a 22 unit building and used this strategy and walked out of closing with a check for $800k to perform the rest of the renovations, paid himself back his already expended rehab costs and his entire down payment.  

Originally posted by David Taylor:Originally posted by @Steven Hamilton II: Originally posted by Tony Bc: We (husband and wife filing jointly) are looking for a CPA.

Start by leveraging your skills to identify undervalued properties, perform cost-efficient renovations, and build sweat equity.

Sometimes the market changes or can't absorb the rents that they want, so they issue concessions to make it appear as if it's performing as intended.

@Nicholas Dillon If you sell a property and perform a 1031 exchange but do not reinvest all the proceeds, the leftover portion (called "boot") is subject to taxation.

The second year we only spent $25,000, and achieved our original goals.