I will have a look around the forums to see what is meant by institutional grade, since I'm not sure.

I meant that I'm brand new : )  could you elaborate in beginner terms if you have time?

However, I might as well earn my "first post award"...I've heard from 3 RE professionals (two knew each other) in the Atlanta GA area who have informed me that SFR sales slow down during an election year, primarily closer to election.

I meant conservative, as in I believe the rehab to be below $45k probably less, ARV to be above $215k, as high as $222k.

Also, an LLC can elect to be taxed like an S Corporation.While there is never only one answer that is correct for all circumstances, there is a general rule that is almost always the correct choice.

Glad to hear you filled it in.. the renters would probably never have cared for it the way it should have been taken care of and the cost of pools is expensive, chlorine, and elect for heater, and water .Make sure you notify your city tax assessor so they remove the pool from your property tax statement.. we did the same and the property taxes were adjusted.. 

But when I factored in the costs of doing so, and going into the next property with a really low cost basis, I elected to just pay my taxes now instead of deferring them down the road.

I meant Hello @Lauren Traettino

Matthew A.The 50% rule is meant to act as a quick analysis tool, to insure the deal is actually deal.  

I just assumed it meant the house and the property the house sits on.