Chris T.While we are not flippers, we do use a similar approach by purchasing tired properties and forcing appreciation: it is just rehab-n-hold as opposed to rehab-n-sell.When we are carrying out a deep retrofit on a newly acquired property, we will put a sign in the yard advertising another "modern, heathy and energy efficient home in the making"  with an indication of when it will be available for rent.We typically have the units rented before the renovation is complete.

I am trying to completely avoid that model.  

I put on one roof, two complete HVAC systems, one set of gutters, one full kitchen redo, one minor kitchen remodel (floors, counters, hardware), 4 bathroom remodels, full floors in one house, and then the requisite painting, trim, etc everywhere. 

However this being the long weekend, the check did not clear completely until the 7th.

I knew the eviction process was pretty simple, but didn't realize it was that simply.

Do you have the cash to complete the project?  

@John WoodrichBut I was brainstorming more about what you guys were saying and I may have actually completely misunderstood how the passive loss rule works.

Although the property I mentioned above is in a perfect location the numbers didn't work as the building has been neglected for so long now requires a complete overhaul.

Just make sure you completely ignore the "Gauge" they use.  

Let me put it in perspective, my partner tried to raise capital for hotel acquisitions through crowdfunding and the portals declined simply because they were not interested in crowdfunding hotels in general.