Now the 9% doesn't seem to be a terrible deal, but then I calculated the risks involved.

The important part of investing is the calculations of a deal, having capital, and a W2 job that will help you get loans.

Build a solid team and evaluate deals carefully using tools like BiggerPockets calculators to ensure strong cash flow and returns.Good luck!

Start with solid research, make calculated moves, and take it slow—real estate is a long-term investment.Good luck!

If you reported a lot of expenses and showed a loss, then the loss will be treated as a liability in DTI calculation.

I ran some quick numbers and would estimate (assuming you have good credit) you could borrow around $415k-$420k, which includes funding 100% of the rehab costs.Have you calculated your expected profit based on selling after rehab and if you decide to keep long term? 

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

Any suggestions on how you calculate the wholesale fees would be appreciated.

., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")

Underneath the surface its a little more dicey and one has to be very calculating.