The auction is online only.

@Ken M. rents are softening in the places that have had a lot of new units come on line.  

I would also add, a contractor that you can buy materials for and they know how to put them in with little to know direction (reduces the management time of the project).

I do not know this one specifically but most courses and coaches online are a borderline scam.Couldn’t agree more.

If a cost segregation study was performed, the accelerated depreciation may further reduce the property’s basis, potentially increasing taxable capital gains when sold.Depreciation recapture will occur when you sell the personal residence, so it’s essential to keep detailed records of all depreciation claimed while the property was used as a rental to ensure accurate tax reporting at that time.This post does not create a CPA-Client relationship.

Just be mindful of the following things when it comes to California.California does not recognize Bonus DepreciationCalifornia does not recognize real estate professional status.Therefore, you can potentially reduce your Federal taxes but not your California taxes.

The problem is that your debt payments are going to basically wipe out that $400K profit unless there is room to increase revenue or reduce expenses.

For house flipping, consider an LLC taxed as an S-Corp to reduce self-employment taxes by taking a reasonable salary and the rest as distributions.

Having a great self-storage facility software for online management is key!!

That way you can reduce your out-of-pocket some.