Additionally, there's a fixed self-employment tax.Income Tax: 22% * $70K = $15.4KSelf-Employment Tax: 15.3% * $20K = $3.06KTotal Tax Due: $18.46KRemember to account for any state taxes as well.To defer taxes entirely, you could utilize a 1031 exchange, which allows you to reinvest the proceeds from the sale into a similar investment property, thus deferring the tax payment until a later date.Example #2: Long-Term Capital GainsNow, consider a scenario where you hold onto the property for over a year.Project Details:Property Cost: $70KRenovation Costs: $50KResale Price: $200KProfit: $80K ($200K – $50K – $70K)Since self-employment tax doesn't apply, you only need to calculate the long-term capital gains tax.

A note about the $25,000 loss allowance, that only applies to real estate tax losses for an activity that you "actively participate" in. 

I have seen 4 different sets of people and maintenance team said they saw others to.My question is now what?

What's helped me throughout this whole process is that I knew I needed to build a team of other investors to manage the properties together.

I like the possibilities of creating through real estate through so many methods and allowance for financial freedom.

The transaction time is so compressed that it strongly favors those who can quickly and accurately analyze a property and the work needed, as well as having a team in place.

Approved for the max allowable conventional loan, but looking for ways to fund the DP.

However, it's also important to keep in mind that ordinances can change, and it's worth staying up to date on any potential updates or changes to the law.In my experience as an Airbnb investor, I've found that it's always a good idea to have a local real estate agent or property manager on your team to help navigate the specific regulations and requirements in a particular area.

Good day Team,My name is Cosmas, from Harare, Zimbabwe.

At this stage, I hope to have enough experience, and the network to be able to accurately estimate total expenses, allowing me to move towards bigger projects with bigger potential gains.Any advice on ways I can move forward with my goals?