Without standardized processes in place, costs can rise quickly, timelines can stretch, and profits can dwindle.- Standardized Renovation Models: Establishing a clear scope of work for different property types can help manage costs and reduce unnecessary decisions.

The idea is simple: purchase a property, live in one part, and rent out the rest to offset your mortgage or even generate profit.

But you are required to file a Schedule E in the US every year showing the total rents you received, the expenses you had against those  rents and your subsequent profit or loss. 

@Veronique Leroy I would say it is possible if you force equity, hold for a few years and then sell and then average the return of the whole profit over the timeframe of deal.

For wholesalers: How are you adapting to buyer preferences or creating irresistible deals despite tighter margins?

If you have a “good tenant” bend over backwards to create the 5 year no hassle highly profitable relationship I spoke about.  

BiggerPockets has some pro tools that let you see rent to price ratios and other cool stats, I use this to check out various markets and which seem to have better/worse profitability.

*Self-manage your property for at least one year to maximize profits and ensure quality guest experiences.Hopefully, this helps in some way.

For wholesalers: How are you adapting to buyer preferences or creating irresistible deals despite tighter margins?

I gave them $50k and they lent it out to flippers to make a profit and paid me interest on it.