Remodeled every room in the house.

The seller, who happened to be a developer, agreed to leave some funds as equity in the deal, providing us with favorable terms.

Anyone know of a lawyer that can execute at a fairly high level on Land Development deals?

The main key to our success is proximity to several very large housing developments.

I’m particularly bullish on Columbus due to its significant economic growth and development, making it an attractive investment market.

Although the back house is larger than a typical ADU..

Consider factors such as location, property condition, future development plans in the area, and your long-term goals.Remember, patience and persistence are key.

You will receive most if not all your benefit in year 1.Year 1 is where you will spend money furnishing the house and potentially taking bonus depreciation via cost segregation study.Year 2 and onwards, assuming you got a performing asset is where things will reverse tax wise and you will likely be reporting positive taxable income.

I have a 4/2 1550sqft rental (1945 build) that I’m considering selling to potentially build two 2/1 ~700-800sqft houses.

I am a real estate developer and agent in Dallas, TX!