hi, i'm evaluating whether to sell or continue renting my previous primary residence - i'm approaching the 5 year limit after which i will have to pay long term capital gains.

ARV - $165,000Estimated Rehab - $26,500Purchase - $90,500Expected Profit (as Flip) - $19,267.71Expected Rent - $1,500/monthI picked up this 4/2.5 house in Selma (just outside San Antonio, TX), and figured I'd start a Deal Diary to track the progress and ask questions.

Here are a few I see:Pros for Rehab: You get to see and correct the condition of the house immediately, you get to screen your tenants before giving them the keysCons for Rehab: time and $$ in rehab work, no income until you can find tenants for itPros for Tenants: Income right away and no need for immediate rehab (hopefully)Cons for Tenants: Do due diligence to ensure income-generation (evaluate lease and rent details), mystery quality tenants, unable to fully inspect house conditionWhere would you begin?

Hi, I'm looking at a deal in the San Antonio area and wanting to get an opinion on whether or not it is a good deal.  Here are the particulars:Price - 137kARV - 170kRehab-15kRent-1600Tax-4400/yrIns-1450/yrHOA-250/yr30...

Let me know how it progresses.

Keep me posted on the progress as I'd def be interested in supporting as a mentor/advisor. 

Are there any steps that I can take for reconsideration or a re-evaluation of the appraisal? 

The clean-out process allows us to get to know the property and evaluate our renovation plans as we peel away the "layers" of our newly purchased distressed onion.  

Massive long term goals a frequently met by those forming achievable short term goals and progressive refining their approach along the way. 

Ours are fairly specific.Also forgot to mention that I keep a pretty active eye on school board related stuff with regard to zoning - as well as demographics, population estimates, expected growth areas and new housing projections provided by the board - which is helpful sometimes when it comes to negotiating deals and evaluating them - especially since we're primarily looking to hold.