At this point I'm mentally prepared to take a loss and be done with it.

Quote from @Anthony Maffei: Quote from @Jonathan Soto: i have done a 1031, i can connect you with my contact for you can discuss and prepare accordingly Appreciate that.

But be prepared because you are probably dealing with a professional tenant.

I’m curious about how much time you all spend prepping for tax season before your CPA (or tax preparer) officially files your returns?

I think you should be paying about 10.5%-12% on average right now, 1-2 points as well, and some lenders will not even need an appraisal.

@Colin Ford recommend getting experience with your RI duplex before going OOS.You should DIY manage the unit next door, so you LEARN about property management, the goog, the bad and the ugly.Then you'll be so much better prepared to invest OOS!

This doesn't replace the need for a MSA that will capture additional clauses needed on a Contractor-SubContractor relationship, this is just a project specific form you would use in addition to the MSA (prepared by your Attorney):This template is for informational purposes only and does not constitute legal advice.

Well said John.

The main challenge was ensuring all logistics aligned for a same-day flip, but preparation and collaboration with Archie made it seamless.

For example: We provide tax preparation and advisory services to people who invest in commercial (including multifamily) real estate, and high w2 earners investing in short-term rentals.