Sellers may struggle to mentally shift from "owner" to "tenant," which can create challenges with boundaries and property care.Security Deposit:If you’re doing a temporary leaseback, be sure to collect a substantial security deposit to cover potential damages and ensure they vacate on time.

For your GA LLC, filing correctly is crucial since you're based in CA and may need to handle multi-state tax filings.A real estate tax accountant can guide you on deducting renovation costs (likely capitalized rather than expensed for a flip), managing depreciation for investment properties, and tracking expenses related to your flip.

We are going through a challenging time that will make us stronger.

Knowing you have someone to turn to for advice and validation can make navigating challenges feel less intimidating.5.

I’ve done two rehabs from out of state so far, and I can relate to the challenges you mentioned.One thing I learned the hard way is that managing rehabs remotely can be tough.

Challenges?

Once you have a handle on that then you can decide from that point. 

They’ll be essential in helping you navigate challenges and scale efficiently.Since you’re planning for 2025, now’s a great time to start networking, analyzing deals, and learning about financing options (especially if you're a first time flipper..). 

I do not care what the source of the return is  Historically the highest return is via a value add and appreciation and is more so recently due to the recent rate increase versus earlier this century (before 2022).However, most new RE investors cannot handle extended periods of large negative cash flow.  

When analyzing properties, it's helpful to run a rental stress test to see if the deal can withstand unexpected challenges.