An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

Buying out-of-state properties for cash flow can be a smart strategy, and Petersburg, Virginia could be a potential option worth considering.

Not much to tell .. just commenting on how dangerous and risky gap lending and gator or EM lending is. you can do normal first position fix and flip loans. through many brokers or just go to any REIA and you will find those that flip homes find one you trust and be the bank.. pretty simple really.

For your Cleveland BRRRR adventure, zoom in on neighborhoods that look promising, learn about property values, repair costs, and potential rental income.

So a booking on airbnb where a tenant is paying $2500 a month after airbnb fees is most likely closer $2000 in your pocket after airbnb's cut on the booking.Vs, paying the $99 for furnished finder, paying for someone to manage the application process, is going to be a lot more money to you over the course of the year while also potentially being able to offer the tenant a better deal (no taxes or fees).  

@Mike Hsiao1) Inspect home ASAP to determine:- If they are taking care of the property and YOU want to renew- Do Pre-MoveOut Evaluation of potential repairs needed.

I think having a CPA local means you could potentially pop in and ask questions, but even then most would ask for an appointment to be scheduled prior to and they might not have openings for a couple weeks.

Yes, for a few reasons.1) local to you - you would most likely have an edge to start right where you are, since you may have better access to data and physically can go to the properties and/or meet investors in person, if need be, etc. 2) since the #'s are typically larger here (SoCal) you have the potential to make larger $'s !

There has been pent up demand the last couple years, and potential home owners realize they’ll have to pay these high prices with high interest rates to own a home.

Additionally, thorough due diligence on potential replacement properties and their income potential would be crucial to optimize the 1031 exchange strategy.