The well-executed renovations and strategic project management helped position the property for a quick sale at a substantial markup, demonstrating the power of teamwork and a solid investment plan.

However, precise execution according to IRS rules and clear documentation in the divorce decree are crucial to ensure it qualifies for tax-free treatment.

let me add, and execution. 

What if they say ok i will take the $$$ to move out and they donot move out after you pay them .Cash for keys is a good strategy if executed correctly.Only hand over the $$$ after they moved out and they hand over you the keys and you have rekeyed your ppty.Just something to think about

I suspect you will need to raise a little over $2M from investors to properly execute this deal.As a side note, 12 months is never going to be realistic on a full turnaround.  

There should be lenders that can execute with 20% down as well.

Excellent tenant.1926 Howard Ave - Single Family Home with studio apartment behind the house Unit A - Main House 3 bed 2 bath - occupied by same tenant since 2021.

It is very difficult to execute as there are so many moving parts and people involved. if you do a few buy and holds first, test out contractors and slowly build your team you can prepare yourself to take on deals like this. 

I see your point, but calling mid-term rental arbitrage “terrible” overlooks its potential when executed well in the right market.

After acquiring the property for $80,000 and putting $6,000 into renovations, we sold it just a month later for $135,000, demonstrating our effective strategy and quick execution.