If you’re here I would like to thank you in advance for taking the time to read this.

Fix and flipping is definitely the next big step, and it sounds like you’re ready to hit the ground running.

Do not treat it like cash.

Ideally I would like to build a new construction that’s smart and functional that I could then rent out not a palace.

I would like to get them off my back until I decide to rent or end up selling the property.

Your losses even depend on number of things like the basis of your earlier property, any additional capex required like HVAC or major repairs, output of cost segregation studies, etc.

Call the previous landlord directly, and cross-check details like the property’s address and lease dates to ensure authenticity.Ask open-ended questionsEncourage detailed responses by asking open-ended questions.

This sounds like you have an existing, and I assume, successful practice in place.

I personally invest in Columbus and know a ton of out of state investors from states like CA, AZ, NY, NJ that like to invest here. 

It allows a substantial portion of the asset's cost to be deducted in the first year of service.In 2023, the bonus depreciation rate is 80%.In 2024, it decreases to 60%.In 2025, the rate further reduces to 40%.COST SEGREGATION:Cost segregation involves dividing a property into its individual components for tax purposes.Some parts age faster, like carpets or paint.Your CPA can use this info to more accurately depreciate elements of your property leading to potential tax savings.BASIS:Your basis is the initial price that you paid for your property, including any expenses or improvements.Knowing your basis is crucial for tax purposes, as it's used to evaluate depreciation & determine the capital gains or losses if/when your property sells.LAND VALUE:This is how much your land is worth without any buildings or improvements.Land doesn't get old like buildings, so you can't depreciate it.