A new build needs to perform better than that to make it worth your time, all the risks and capital concentration.thanks for the advice everyone and would be happy to connect with you: @Bryant Brislin @Dave Wells @Leilah Davis @Joshua Stewart I have been building 15 to 20 spec houses a year now for 7 or 8 years.. average NET NET NET profit is between 10 to 15% of gross selling price. and if we hit 20% thats a big win.. my price points have been starter or rental houses in FLA that sold in tehe 250s and those are simply not worth doing..

I will do more further research on this topic to identify for accurate numbers for the report. 

Educate yourself enough to be able to identify if a property does or doesn't align with that goal.

but end of the day lots of Black on your balance sheet simply is not a bad thing.. 

look for land with owner financing And I am sure you know this but location and safety will be paramount in the Jackson market there are simply areas the crime is far to high for this to be successful..

It really highlights the value of having strong partnerships, effective marketing, and a sharp eye for profitable properties.One takeaway here is the importance of leveraging connections and networks to identify similar quick-turnaround opportunities.

I'm not sophisticated as Dan, but if you simply do the straight math, it may be close to 10 years before you break even on $190k. 

Regardless when that edit was made to the contract , they can still use that against you as a landlord breaching contract.That's simply not how contract law works...

The chart of accounts is structured around the Schedule E, so you simply export it and send to your tax professional.

It looks like Privy is a great tool for identifying investment properties by using up to date MLS data.