Excited to learn and connect with you all!

Without any major renovations, we strategically sold the property the same day for $20,000.

correction, i meant to say 135, not 145.

Check with their renter insurance (we require them to have this) to see if they will cover. 

For savvy investors, the key to keeping more of your hard-earned returns lies in strategic planning and leveraging the right tools to minimize tax liability.Whether you're looking to reinvest in another property, take advantage of depreciation, or explore unique tax-deferral opportunities, there are powerful strategies available to help you reduce your tax burden and maximize your financial outcomes.

If you have not already before you get into the weeds on a plan you would want to talk to your city buildings dept to make sure you can even subdivide the property to add more units. 

Feel free to shoot me a question.

Don't be afraid to go out-of-state, but you will need to do some legwork to build your team.Best of luck

Aha yeah I dont really trust flippers to do the repairs correctly - Even with my own flip I was tempted to cheap out on it but you always pay for it in the end!

I am new to this multifamily/commercial side of things.