I need some of your inputs to determine which offer below would give me more profit or benefits from tax perspective. 1) First offer: $400K, which was what the listing price is for my property, with no closing help.2) Second offer: $412K but with $12K seller credit for closing help.

If you sell within a year you may have short term capital gains with the IRS (ask your CPA) What if the market drops before you finish the rehab?

@Matthew Fassett you don't necessarily lose or gain money until you attempt to sell or refinance.

Thank you for the advice on where to better gain knowledge locally.

I'd walk by Gouda cheeses in the supermarket and think about Dutch girls and suddenly I'd be in an embarrassing situation.Duplex, SFR, managing opportunity, long-term gains, all that was totally lost on me.But I did learn how to talk to and live with women, and that's made a significant difference in my life.

And if I create an LLC, what is the true benefits?

At this point we’ve owned them so long there is too much depreciation and gain to just sell.

Homeowners see firsthand the benefit of building equity and paying less to live.

In fact it would take years to make that much from cash flow.Using your numbers:$150,000 property$30,000 down + $30,000 repairs = $60,000 total investmentAfter repair value $200,000 = $20,000 in equity gained or 33% ROI + cash flow$200,000 property$40,000 down + $0 repairs = $40,000 total investmentAfter repair value $200,000 = Only return is from the cash flow as compared to the $40,000 you put downIt seems to me that fixing up the homes made you far wealthier.

I'm not sure how I'd proceed though in gaining more properties down the road in a year or 2...Do you go full cash, get a mortgage, or some other strategy out there?