Lets say its $270k and you are financing $220k and it takes a year at 12% thats $26k in interest plus other costs etc.

That's three months of mortgage and utilities, the cost of flooring, and the cost of painting.

I’m hoping to learn more about the industry, its dynamics, and explore potential opportunities for collaboration and growth.Totally understand that nothing in this field comes for free, and I’m more than willing to share my expertise (tech related) and provide support wherever our skills and goals align.Looking forward to hearing from you and hopefully connecting soon!

So a room used for laundry that is 100 sq ft (quite common) costs the owner about $72,000 over the course of a decade (in today's dollars). 

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

Also, you can't know how the cost of materials could fluctuate over your project time, so consider purchasing any materials upfront so you can stick to your budget. 

I would check as best you can before you even contract, but also for sure once you do contract and have the documents in hand.While there are some places for $150,000, there should be relatively few of those any more, certainly in buildings that have long term potential. 

I am very new to real estate investing and I am now putting an offer in for my first potential investment property.

You want a design that stays relevant, withstands high turnover, and doesn’t require constant costly updates.7.

The deduction is optimized as values increase and can potentially offset the entire net investment (including down payment) for high wage earners.