Taxes: Be aware of potential transfer or capital gains taxes, depending on your state.4.

Super helpful in finding potentially motivated sellers and calculating ARV quickly.

Turbotax isn't going to educate you so unless you'd like to educate yourself and potentially make some costly pitfalls, then I'd outsource.

I did a lot of research on options.

But to the point of this thread, no one can offer a "this is a good return" without knowing the structure and the potential risks involved.I think Jaycee hits on the general returns available in the market. 

Investors should fully understand that Section 8 is not a cure-all for Class C & D tenant challenges, it's just trading one set of problems for another.We see too many investors not doing enough research to fully understand all this and making naïve investing decisions.

I will be doing my own research on local laws & regulations, but want to do this 100% by the books.

*Energy Efficiency – Given the hot climate, buyers in Phoenix look out for energy-efficient upgrades like new windows, insulation and solar panels.ABSOLVING COSTS & POTENTIAL PROFITSBefore you put down your money for a fix-and-flip, it’s important to run the numbers on all the costs, including:*Purchase Price — The amount of money paid to acquire the property.

Known  Potential Black Swan events, numerous.  

A lot of qualifying questions for any potential tenant.Having said the above, I ask for some "standard" things, such as the names of everyone who'll be living at the unit.