I made $15,000 on this deal after all expenses.

Naturally, owners didn’t want their expensive planes sitting outside in the weather.

The understanding going in is that you will be making A LOT of offers so get your affairs in order.I was initially drawn to the program because of the reduced marketing expenses: it's basically free to submit offers on listed properties.

I think if I was just starting out, I would avoid the expensive courses (I never did one but am thoroughly not impressed with folks who tell me about their experiences) and find someone who could do some 1-1 training and orientation to set me in the right direction and make order out of the abundance of options and strategies.

The drafter will tell you what the expected timeline for design will be, timing for permits with city, what the lot and zoning allow you to do… etc The contractor : has to be someone that knows how to do the work (experience), is not too expensive so that the investment makes sense at the end, but is also not unrealistically cheap, to the point that they won't finish the project or they will simply run off with your money… Assuming you have an honest and experienced well priced contractor, then they will give you an understanding of costs for the entire project (a ball park bc you won't know 100% until you get RTI permits from the city (approval)). 

You need to evaluate how the additional interest expense will impact your cashflow. 

However, it's crucial to thoroughly evaluate all costs involved, including land expenses, construction costs, and potential challenges with financing.

I would like to know if this is a deductible expense on my taxes.

We require all applicants to earn at least $72,000 per year to ensure additional living expenses can be comfortably covered…”

I am from Honolulu, Hawaii where housing prices are crazy expensive just like some parts in CA.