Hi, I own an unimproved lot and capitalize HOA fees and property taxes every year to increase the property basis by amending my taxes and adding something like the following “magic” text as required by the IRS:“For tax year 2021, taxpayer hereby elects under Code Section 266 and IRS Regulations 1.266-1 to capitalize, rather than deduct HOA fees paid in the amount of $#### and $#### property taxes as carrying costs on a vacant lot that is unimproved and non-productive bare land.

"Fittest" might be a bit misleading, what he meant is "survival of the most nimble to adapt to change".I will have to support Patrick's assessment that wholesaling is very done for now - not just in Seattle.

None of these are meant to imply you can't do it, but I see a lot of risk that needs to be addressed ahead of time, to protect you from losing your investment that is in someone else's name.  

From a tax perspective, there is a potential advantage if certain thresholds of income are generated annually by the Operating Company, and the entity has elected S Corporation status.

I meant to say “property” and not “house” in the subject.

For me, that meant vetting a bunch of turnkey companies back in 2019, speaking with several over the phone, visiting 1-2, and then making a decision.

I meant P&S  (purchase and sales) LOL not P&L.

That meant they could find a job that would sustain a place to live with all living expenses. 2.)

The FHA is meant for your primary residence that’s why you often get better rates.

By “low risk” stock fund I meant 50/50 stock/bonds split or something even more conservative like a 30/70 split.