Our goal is to make the renovation and flipping process as smooth as possible, ensuring every project is handled with care and expertise.Looking forward to connecting with you all and exploring opportunities for collaboration!

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Wondering if it is worth amending my last few years taxes to change all of those purchases of appliaces from depreciation to expenses to avoid future depreciation recapture upon sale.

Thank you all in advance.P.S. because it is my first property I want it to be local to me.

I agree with everyone else.The tenant would pay all the utilities. 

Chris Voss calls it the Accusation Audit, where you start out by listing all the problems and costs, and then ask how can we get this done.Every deal and seller are unique, and the goal is to find out their motivation and how you can solve it, quickly.I would definitely re engage the broker in the week to come to see the activity on the deal, and if it has tradedGino

Excited to learn and connect with you all!

Prices are getting close to California levels and it might be difficult to find tenants with all the competition out there.

Its been a couple weeks since returning to BP con, and I feel like its taken about that same amount of time to wade through all my notes, ideas, inspirations, and things i "could do".  

TP spends the most time on Property A of all the properties.