However, lol, in this last year of the lease he asked if he could get out of lease 4 months early because of financial reasons (IE: job restricted his hours wasn't making the money he used to).

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

Purchase price: $90,000 Cash invested: $40,000 Sale price: $1,650 This 100+ year old, 3 bedroom home, is ready for new owners to bring it back to life.

For the bankruptcy properties, we contacted the trustee phone numbers on the website, however, they usually just replied to ask us to look for debtor's attorney.For short-sales, we searched the listing on zillow.com, but majority of them are off market.We used BP recommended realtor and asked if they can help with the properties we targeted, the realtor searched for a week of the foreclosure ones and get back to me that she believes she will not be the right partner.

The cost basis includes:Purchase Price: The amount you paid for the property.Renovation Costs: Add the cost of improvements and remodels that significantly enhance the property's value.Closing Costs: Certain closing costs related to acquiring the property (like title fees) can be added to the basis.You will then allocate the total cost basis between the land (which isn't depreciable) and the building (which is depreciable over 27.5 years for residential properties).If you're unsure about how to allocate between land and building, you can use the allocation percentage from your property tax records or get an appraisal.This post does not create a CPA-Client relationship.

Feedback from users can vary based on individual experiences, property types, and specific needs.To get a better understanding of other users' experiences with TurboTenant, I recommend checking online reviews, forums, and social media groups dedicated to real estate and property management as you have done here.

Trying to get leads at this point to see where I might be able to solicit for properties.  

You look for distress, and you get the owner to sell to you.

Is it realistic to get to 1 million a year and if so how would you do it?

Hi Billie,  I'm starting to get knee deep in research myself.