.🚨 Common issues I see:❌ Not properly tracking repairs vs. capital improvements❌ Missing out on cost segregation & depreciation write-offs❌ Scrambling at tax time instead of planning proactivelyI’d love to hear from the group—what’s been your biggest tax headache as an investor?

The cheat sheet/example greatly reduced time.

I’d love any insights on next steps.

Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.

The problem?

The day after you close, it will appraise for the sales price. 

For the longest time, I almost always bought locally. 

Location is the most important issue.  

Be on the side of town towards the next largest town.  

Truth will reveal as soon as next year8.