Contacting rentals is a smart approach too, its all really a numbers game

💪Flipping in C-D areas is smart for avoiding long-term headaches, especially when it's not worth the upkeep.

Self managing is a solid way to learn the business, and it’s smart that you’re already setting up systems and tools. 

This is most of the depreciation you are taking year one.You can calculate your depreciation recapture by taking the sale price of the asset and subtracting the adjusted cost basis.The adjusted cost basis is what you paid for the asset plus any improvements you made along the way minus the depreciation you took along the way.The profit above this original cost is taxed as a capital gain, but the part linked to depreciation is taxed at a maximum rate of 25% under the unrecaptured gains of section 1250.To recap the tax rates are:- Sec. 1250 real property: 25%- Sec. 1245 property and 15 year 1250 property: Ordinary Tax RatesThere are ways to minimize depreciation recapture especially if you know how to work smart with your CPA.1) Asset Valuation at Time of Sale - Sellers can minimize recapture by reallocating the price of the assets on sale.

Buying more properties when you are young is definitely the smart plan, it snowballs and grows the sooner you start.

You guys are smart but you feel like you accomplished what you had in mind and now need a goal/plan for what's next.

I am looking for some help and advice on whether or not this property seems like a smart first investment. 

The smart ones house hack and buy rentals, but the good ones know that their clients come first.

A warranty can bring peace of mind, especially if the tenant values quality and reliability.Here’s our rule of thumb:For budget-friendly rehabs: Used appliances from a reputable source can be a smart choice.

It’s definitely smart to evaluate the tax and cost implications of your funding options.