Purchasing property in your LLC as opposed to just quit claiming it over is best.

I have a house I am selling and the tenant is claiming they have COVID.

Are my expectations unrealistic?

Trying to claim a depreciated cost vs cost of replacement isn't going to get very far.

Can I go in claiming theyre trespassing if they dont pay rent and if they dont have a lease? 

We purchased the Park Model for $162k, and can claim around $30k cap exp for rehab, so tax basis of about $192k. 

Right now the MLS is averaging 80-85% of ARV, while most off-market inventory is hovering around 72-78%. 70% is a great benchmark to shoot for but in this market finding plentiful inventory at that margin is an unrealistic expectation.

When you claimed that the return would be a pedestrian 12.5%, you made the assumption that the sale would be the same price at year five.

Document everything with pictures in case they go to Small Claims....

If I tear down, build multifamily, and sell all units, would the 2 year rule still apply (assuming I get it all done in 3 years and still can claim 2 of the previous 5 years).