Time the Sale Strategically: Selling the property in a year when your income is lower can place you in a lower capital gains tax bracket, reducing the tax rate on your gains.8.Deduct Selling Expenses: Costs associated with selling the property, such as real estate commissions, legal fees, and advertising expenses, can be deducted from your sales price, thereby reducing your taxable gain.9. 

As many of you know, Assembly Bill 968 will take effect on July 1, 2024, mandating flippers of residential properties to disclose recent repairs and renovations if they sell within 18 months of acquisition.

Best of luck on your journey Someone mentioned but a good resource are the podcasts. 

Quote from @Emily Poerio: Hello - I am new to REI and getting ready to close on my first set of properties.

@Sam TrightBesides the other comments above you also start really walking or crossing the fine line of selling securities when you start bundling up parts of a note and selling it to different people.

Also, if you have worked with house movers, any advice on things I should avoid or red flags with these guys?  

Plus, you can do everything on your computer if you want.

Find a high volume landlord tenant attorney based on what you see in the court records. 

However, managing multiple LLCs can mean higher costs and administrative work (separate bank accounts, annual filings, etc.).It depends on your risk tolerance and ability to stay organized.

I would not splurge on your first home.