Hi Matt, I have family in that area & we always get a rental house when we go to the beach.

Labor costs are 20-30% higher than my core market in Denver, which was very surprising to me, which makes finding a PM that has in house maintenance, electrical, plumbing, HVAC very valuable. 

I plan to sell quite a bit of stock this year (2024) in order to fund some renovations and want to use the depreciation of these properties (if possible) to offset my capital gains when i sell the stock.

Additionally, it can help maximize renovations and improvements.A Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Consequently, the house could not be made ready for the new tenants and after a big scramble, we managed to save the new tenants but lost 3 weeks of rent. 

This sounds like a house. 

My advise to you is to not using your full 80k to do a renovation but instead start off smaller (30k-40k).

I am finally looking to put my 203k house hack team together.

Orange County housing inventory is at all time historical lows. 

.- Condition: The house is completely renovated.