The affordability and cash flow potential are real, but so are the challenges.

When flipping, the most important thing is understanding the available loan programs for potential buyers.

What is quality of all the tenants on existing and potential?

However, once converted to personal use, you can no longer claim depreciation, and the accumulated depreciation will reduce your adjusted basis, increasing your potential taxable gain upon sale.

Once those guys are in place and you have a go-to title company that your realtor recommends and a lawyer.

Plus, these properties are usually sold as-is, so an inspection wont change much.What experienced Flippers Do InsteadBring a Contractor Instead A 15-minute walkthrough with a good contractor will tell you what you need to know.Know Your Numbers Upfront  If you price in a repair buffer, minor surprises wont kill your deal.Use the Inspection Period (If Allowed)  Some wholesalers offer a short due diligence window use it wisely.When an Inspection Makes SenseIf you’re new and not confident in spotting costly repairs.If its a high-end deal or potential structural issue.If your lender or partner requires it.If you do need an inspection, find an inspector who moves fast and work directly with the wholesaler to coordinate access.

The IRS may view this as a change in ownership, potentially disqualifying the exchange.

She cited examples of potential beam collapses and 1 million dollar is a reasonable amount of liability to carry.

My main focus is multi-family house hacking, but I’m open to other strategies as well.I’ve always had a passion for real estate and decided to move to a market with strong rental potential and affordability.

Add statistics graphs so I can see the growth potential including population, employment, etc.