However, you need to consider: - **Future rent increases**: Can you adjust the rent to help cover potential repairs or property management costs if you’re managing from afar?

I really wouldn't do anything different rehabbing/flipping late in the year, except maybe adjust my underwriting.

However, you will need to adapt and adjust the plan as you grow and learn more.

Should a "Crash" does happen, just adjust again until you figure out what is working and move on, adjust, etc.

For example, you may eat a loss like this and adjust the scope of work by changing the type of flooring you use in parts of the house.

But this is the property that needs the most attention as far as making little price adjustments, top notch guest communications, great team on the ground, etc.Adding a theme to one or more rooms is a must.

Since the adjustment, we have not been paid in full on the first of the month.In my experience, it is generally preferable to rent to lower income folks with no credit that are typically found in the same neighborhoods, such as recent immigrants.

If your modified adjusted gross income (MAGI) is over $150,000, you typically can’t use rental losses to offset W2 income.But you can still use depreciation to offset the rental income itself.

Correcting this should adjust the profit at sale.Additionally, your property taxes seem quite low.

I've decided to ignore depreciation unless it's a large expense we did this year and account for it in that year only, and potentially try to adjust it a little if it is adding value to the property.I do understand the simplicity aspect of it though, that's for sure.