Rented at $3,215 to a Section 8 Long-Term Tenant instead of a Long-Term Market Tenants for $2,400.

@Nick ConnorsIt’s great that you’re using your savings to invest early, and Columbus could be a solid market given your familiarity.

What market are you in? 

Lots of old houses valuing over 500k and up to 1M (local house price in my market is 167k).

The equation shouldn't be PP = Market Price - cost to repair foundation, it should be PP = Market Price - cost to repair - discount for taking on the risk.

Most investors who source their deals off-market utilize this platform.

Rental income is considered passive, while stock market capital gains are portfolio income, meaning passive losses from rentals can only offset other passive income, not capital gains.

Houston is a great market for JVs, wishing you both success! 

Memphis has been an amazing market for BRRRR due to its affordable property prices, strong rental demand, and solid cash flow potential.Would love to hop on a call and go over your questions—let me know when you’re available!

@Kevin Duke Since Subject A’s $6M net worth is below the federal estate tax exemption ($13.61M in 2024) and Florida has no estate or inheritance tax, Subject B can inherit the property tax-free with a step-up in basis to the fair market value at the time of death, eliminating capital gains tax if sold immediately.To avoid probate, Subject A can use a Lady Bird Deed (Enhanced Life Estate Deed) or a Transfer on Death (TOD) Deed, which allows automatic transfer to Subject B while retaining full control during their lifetime.