I'm based in the Western area of Los Angeles and we do projects all over the country. 

We do all our own renovation and repairs so that helps as well.

Hello BiggerPockets Community,I’m looking for advice on whether to sell or rent out an out of state investment property I am currently having renovated. 

With a grocery store within walking distance, easy access to the highway and train station, a nearby Home Depot, and ongoing renovations and new developments in the area, it felt like a no-brainer.

I am curious as to how complicated is it to renovate a burned home.

Or is that even an issue seeing that renovation started a year ago? 

Sounds like a good deal, that’s not a lot of renovation needed to hit 1%. 1% is a dated “rule of thumb” anyway in most markets.

Also it is very very common for sewer, water, storm etc to be connected in condo or townhome style projects.

We met all non-passive requirements and can provide proof to show that our projected annual materially-active involvement is at least 500 for 2023.We met with our CPA and he brought to our attention that we had a loss of -$107k.

Smart people - if I own 24 buildable lots appraised ~$1.6-1.8 million in total (assessed by town at $1.4M), what do you think is the best way to build out the homes (notionally $300-400K builds/$450-550K sells) and make money: a) putting the least money out of pocket into project, and b) NOT signing on construction loan(s) if possible?