No Capital gains tax if I sell one day either. 

I think real estate is very forgiving (1) over the LONG term and (2) if you're well capitalized / in a strong financial position. 

The HML covered 100% of the $32,500 rehab budget through drawbacks.Refinance: Post-rehab, I refinanced into a primary mortgage, creating 25.5% equity in the property.Future Financing: I plan to leverage the property with a HELOC to access up to $86,000 in capital for future deals.

If anything, at least wait a year so you don't pay short-term capital gains on the sale of the property.I need to find some more deals like that here in Chicago...where in Houston was this property?

What are your thoughts on doing a flip or a BRRRR that seams to be the best way to capitalize on your investment. 

I know how to use the basic features of QBO, as I do my own expense tracking, but my Bookkeeper is needed for the more complex entries (Loans, capital balances, reconciliation, data entry from PM monthly statements.)I spend almost 8k per year in QBO and Bookkeeping costs (Not including my accountant or tax prep.)

Do you have additional capital to add?

The combination of high costs and the after-repair value (ARV) frequently leads me to conclude that buying a new rental property is a better use of capital.

As a result the property, based on capitalization rates, can now be sold for $450,000.  

Are you located in the Capital Region?