Quote from @Ava Myles: I have a unique situation: I have rented my apartment from a friend for a few years now.

I'm typically an advocate for hiring a CPA once a Schedule E or C is involved.

The only reason I recommend focusing on a couple neighborhoods, is because house hacking entails buying in a neighborhood you want to live in.  

Househacking is a solid entry point for most people.

Key is to go through someone who has a direct relationship, what kills many of these deals are brokers who go to a correspondent who are a wholesaler for an isntitution.

He asked me the following:"I have a paid off rental house that I earn a good chunk of profit on in 2024. 

Something to accurately evaluate a flip would be a welcome addition.I’m curious to follow your progress, Chris.

Let’s just say a home was $150,000 in 2019.

P-A-Y-P-A-L.....

I'm finding when I look at a given property, I get inaccurate comps in two ways: 1st, a property will show up in the list as a comp to my subject property but have a REALLY low sale value; upon investigation I find that the property acutally hasn't sold in 10+ years but PropStream thought it was comp; 2nd, a property will show up as "Sold" in the MLS status, but all ownership and transaction history tab don't reflect the new data.