To make the best choice, consider your time commitment, risk tolerance, and do some research on rental rates in your target area.

So there are a few ways to look at this, the 1st question is are you sure your renovation’s will double the property value, most renovations on primary residences, your lucky to get 60-70% of the dollar cost back out upon sale, so really nail down your comps, than you have basically a math problem if your rate on your primary goes up how long if ever before that extra payment is more than 400k in taxes, that’s just a simple calculation to help you decide, but I suspect you actually have a different question here, from a purely financial perspective my guess is the best option is to do anything to avoid that tax hit, but one of the reasons to make money is to spend it on things that you enjoy, based on your overall financial picture and a subjective view of how much enjoyment you will get out of a renovated home, you should decide if you want to roll your profit into another deal or “cash-out” your winnings, I love cars and I’m willing to spend more than is fiscally smart on them because they bring me joy, there is nothing wrong with that, but i don’t think it’s a fiscally smart choice, without knowing your exact property id imagine a renovation would fall into that category, so that’s the terms I would use to decide.

If you're successful on taking down their account, they just create a new one.

Consider creating your own landing page to collect leads like ML does at homevalues com (ie, buy the domain "NoFLHomeValues.com" and collect info from sellers to do a cma).Finally and most important thing is to READ THE CONTRACT!

the CPL and Abstract are title . you are free to choose any title company of your choice .

They are going to do a Google search, and if they don't find you, they WILL find someone else.2) NEVER EVER create obstacles for a seller to reach you.

Everything aforementioned is great information, I just wanted to provide a little extra color in the hopes it assists your client's decision.

I loved the BP Ultimate Beginner's Guide, but I'm also wondering, have any of you created similar documents to help you remember valuable information?

The only problem was that I couldn't buy it in my own name (a complicated story, but there was no way for the underwriter to write for the property to be put in my name as the buyer) so i created an LLC with my father and I as managing members and got the funding for it through a hard money lender.

If you ever need assistance with rental analysis for properties or good areas to look into for rentals, feel free to shoot me a DM, I'd be happy to assist.