I would definitely speak to a tax pro before finalizing any plans.

The most recent comp to sell was 2114 Robinwood Ave, Toledo, 43620 which was converted to a Triplex and sold 8/4/2023.Ensure the purchase and renovation costs adhere to the 70% rule relative to the after-repair value (ARV), which is estimated at $250K for sound investment planning.

For example, if you file for eviction but accept a partial payment after issuing the eviction notice the judge is likely to take that as proof that you made a payment plan with the tenant to pay their outstanding balance and deny the eviction. 3.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments. 

@Ben HofstraTo be ready for the purchase of property that you plan to undertake as from September 2025, read more about investing in real estate, set your standards and financial readiness in place.

Others realized that this huge interest rate increase was going to have a significant effect on the cap rates and make the intended exit plan or refi plan not viable.

We planned to live here for two years, do a "live and flip", and then sell it and use the capital for other investments.  

@Sophia Boro for your own home where you plan to stay a while, that’s your call for the safety of you, your family and guests, especially if you personally knew the quality level of the contractor.

While I have lurked around BiggerPockets for several years, I plan to get involved in the community here and hopefully give as much or more than I get out of it.

@Thomas TalbertI recommend finding a tax strategist specializing in business taxation and business tax planning.