BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.

Renovation costs are capitalized and added to the property’s basis, reducing taxable profit (sale price minus adjusted basis and selling expenses).

Just run numbers in a BP calculator.

Any suggestions on how you calculate the wholesale fees would be appreciated.

Now that the value has increased $500k, any additional increase will be taxable income when I do sell.

As I said, math and numbers aren't my strength, but I'm a dedicated student when I put my mind to something, and I know how to read and use a calculator :)Thanks for reading!

Network with professionals, use tools like BiggerPockets Rental Property Calculator, and explore grants or incentives for affordable housing.Good luck!

At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

Hello, For anyone that is not well versed in rehab estimation, how do you go about calculating rehab costs if you are not going through a realtor to find deals?

They have an app that you can run comps on, play with rehab budgets, do ARV calculations as you drive for dollars and apply for the loan on the spot.