Your goal is to build equity, which can be done through several ways (cash flow, appreciation, principal paydown, tax shielding, etc).

Hello friends,Does anybody who had experience with Live and Flip consider that as a business for tax purposes? 

I know the taxes are low.

Build equity over time and take advantage of tax write offs and appreciation. 3-400 a month on a 70k investment is a 5-6% cash on cash return - you can get that in a high yield savings right now, and, that's objectively a lot of cash to shell out. 

@Allen Wu- .25% rate difference wouldnt be  ample for mw to choose to use a 10 yr arm  versus a 30 yr fixed ....especially  if the proeprty will be a long term hold .....once rates  drop you can  always  look at rtefinnancing options ....make sure to  review all the rate / fee options ....the  more you are willing to pay in loan fee ( points) the  lower the rate you can get will be 

I'm assuming things like taxes, permits, code, insurance etc.

Give them contact info for a local gym that has drop in fees.

There is a common belief that recapture taxes diminish the value of performing a cost segregation study.

Look at crime, unemployment, net migration, job growth, school rankings, tax burden, quality of life, and other factors.

- What does your RE attorney and tax preparer need to know before you purchase a property in a SDIRA's LLC?