ctype=...Meanwhile my 100k house I bought in cash 17 years ago sold for 325k but net only 237k after selling expenses, renovation and taxes.

But the best part is if you buy a house for $100,000 and in 5 years it’s worth $300,000 and you sell it, your $200,000 profit is all tax free because it’s in your tax free account.

So hard to tell if this will take off fast and or fill up, which is why I was going into this thinking that if worse case scenario it wont take off we could sell the property and break even at the initial cost I assumed it to be, but now with the construction costs being higher Im not sure that Im willing to take that chance 

This may affect value or time required to sell.7) Adding an ADU does not make the property a duplex.

Plus they’re going to sell the loan before you ever make your first payment, or at least DR Horton did. 

Most states do not factor in losses from other states when calculating their taxable income.However, yon't think you lost out on the state where you have a loss. that state will normally treat that as a loss that you can use in the future when you sell the property or have rental income.

I guess I didn't really think about it but technically I'd be doing BRRRR since I really only want something I can rehab and have the option to just sell it if market drops or can't find a renter in my timeframe id hope to rent it in.

There are a few exceptions, like those well known/accepted areas like Beverly Hills or Palos Verdes Estates or those areas where every house within a 2 mile radius sells for over $5M.

What is your niche market where you have the most properties and the most business, people know you, and your trades and PM are close.If the owner ever wants to sell, I want your guarantee that you will refer the sale back to me. 

It's great to hear that Jeff Chisum and his team at Northpointe Bank were helpful in securing this for you.Adding Value: Your strategic patience and communication with the selling party to secure a deal at the right price is an excellent lesson in the importance of relationship-building and negotiation in real estate.Short-Term Rental Success: Achieving high ratings from guests is critical in the STR business.