It is not as simple as writing a check.

Here's a simple example (because I'm a visual learner lol):Assumed ARV = $115,000Purchase Price + Cost = $45,000Rehab Costs = $35,000All In Costs (total above) = $80,000 financed fully by a HMLBut then the appraisal comes back at $100,000 and you're only able to obtain an 75% LTV, meaning you'll only cash out $75,000.

I know thats vague , but to keep it simple 

They probably don’t have the records or realized “deferred maintenance” is a thing.Maybe some writing and simple math?

Here is a calculator to figure the tax. https://smartasset.com/investi...If you are planning on living in the home before or while updating it then there would be no capitol gains (I think).Here is what I found with a simple google search.The Rules Of Primary ResidenceIf you own one home and live in it, it’s going to be classified as your primary residence.

I was able to DIY a few things and save money.

You sell for 200K you would owe Capitol Gains on 75K (if you owned for longer than 1 year)  This is a simple explanation. 

This is just a simple overview.

Maybe check out The Simple Path to Wealth by JL Collins.   

@Jayden Hamilton simple ( not easy but simple ) find deals, show them to an investor, you will earn a fee.