Once the project is complete the equity is captured via sale or refinance to payoff most or all of the HELOC.

The tax form used to capture your activity will depend on the type of activity (rentals vs flips, etc).

I think it is harder to do now that the price of houses have gone up so much there can be too much equity in a property that the trustee does not wnat to just let it go (as they do receive a commission on all the money they can capture for the "estate")You could try to reach out to the owner but it would still have to be presented to his attorney and approved by the court.You might find someone that has been in Chapter 13 for a while but is now tired of it and does want to walk away from the property

The property is almost paid off on that house I just thought capturing the appreciation with a 1031 and buying bigger will make more cash flow.

They capture uncertainty around purchase price, the rehab costs, the rental cash flow (above), and the refinancing.To get complicated, you can use Bernoulli variables to model the likelihood of a binary result (if a tenant will leave in a specific year, if the zoning board will approve a particular project etc) and account for that in the cost.I mentioned above that I don’t model the SEQUENCE of major repair events and whether that major roof repair will happen in a given year (but you can using Bernoulli variables if you wanted)… Instead I account for that next major roof repair by setting aside reserves and maintenance funds.

My teammate and I usually tag team it to speed things up as far as tripod movement and capturing goes.

Simple single period calculations like ROI can't capture the impacts that compounding has on an investment.

Attractive multifamily acquisitions will be captured by buyers who secure assets that are “right priced” to account for rising interest rates."

You can capture some business travel there as well. 

The comparison of a turnkey vs brrrr are polar opposits.Turnkey = On market, no work, little if any equity capture.Brrr = Off-market (hopefully), tons of work and tons of equity capture when done right.A closer comparison would be to buy a rent-ready house off the MLS in your market and hire a PM or do an OOS TK.