These are good questions, but keep in mind that a month of obsessive research is still the absolute tip of the iceberg.

These are not risky loans, by any means in my mind.

Be mindful of short-term capital gains tax, as profits from flips held for less than a year are taxed as ordinary income, and frequent flipping may result in self-employment taxes.While profits from flips do not qualify for 1031 exchanges (since flips are considered inventory, not investment properties), you can minimize your tax burden by deducting allowable expenses like renovation costs, loan interest, and holding expenses.If you're considering diversifying into rentals, explore opportunities to benefit from long-term tax advantages such as depreciation and lower long-term capital gains rates.

Keep in mind that BP Pro members will get 15% off the subscription price and $100 in in-app wallet credits for paid plans, as Jenell mentioned.

But I am still shopping before making up my mind.

You should find some like-minded people there.Jens Nielsen

But no doubt we have to keep in mind as stated this site caters to a lot of folks starting their journey so to us who have been on the site for a minute or two it seems repetitive but to the new investor its not they dont know what they dont know.

While I’m still in the early stages, I’m incredibly motivated to learn, grow, and surround myself with like-minded individuals who can help guide me along the way.What drew me to real estate is that I saw it as the best route for me and family to have financial freedom.

Derek Schronk Derek are you still with RentRedi if so do you mind sharing the Referral code Referral Link Referral Link Referral Link

From personal experience, this can motivate them to do a final deep clean before handing over the keys.Finally, for peace of mind, you might consider consulting a local real estate attorney.