Study up on the basics of where you list your properties, how things work, taxes, insurance etc.

Having your license can be very time consuming with classes and studying to passing your test and also to providing good service for your clients ie working weekends and evenings.

You need learn everything you can about the industry including the language the numbers and the markets you want to invest in.

To answer the question, you'll just have to study the situation and make your own decision.

If you study the townhouses in the area in question very well and find that the deal is let’s say 0.70 on the dollar and you know it needs between 5 to 15 percent on the dollar and the after repair value is 1.10 - 1.15 then that is a good deal for flipping.

I've talked with him on the phone he is a great guy and I've been studying and implementing this strategy myself. 

The software is available for residential rental properties up to 6 units with a depreciable tax basis of $500,000 or less (purchase price less land).You should also read the IRS Audit Technique Guide (https://www.irs.gov/businesses/cost-segregation-audit-techniques-guide-table-of-contents)Please note, per IRS: "The preparation of cost segregation studies requires knowledge of both the construction process and the tax law involving property classifications for depreciation purposes.

I have a business where I provide virtual reality film study solutions to college and high school football programs across the country.

I’m sure your integrity and the language of your contract play a part in that. 

After years of studying and discussing REI with others, I am finally ready to dive in.