You said you can't sell now, but want to wait for the equity gain.

Build equity while gaining experience as landlords.

Did the proceeds from the sale count as short term or long term capital gains?

Bureau of Labor Statistics (BLS) confirms Texas added the most jobs in the nation from December 2023 to December 2024 with a gain of 284,200 nonfarm jobs, significantly ahead of all other states.

Make sure this enough gains to make it worth worrying about.

No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

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

My main goals with these initial projects are:1.Gaining valuable insights into the local market.2.Getting hands-on experience with out-of-state investing, particularly when it comes to remodels and managing from afar.3.Testing the entire BRRRR process to see if it’s the right strategy for me long-term.If all goes well, I’d love to scale up and explore multi-family projects.

The client will be solely responsible for capital gains taxes, including depreciation recapture, regardless of the agreement to share proceeds.

Once you start to get people in there to look at project to project, that will give you a baseline then you'll start to gain more knowledge on where you need to be on the pricing/estimates etc.