The real estate market is strong with property value remaining high. 

You would then depreciate this amount over 27.5 years, allowing for annual depreciation deductions on your tax return.

I'm looking into multifamily (duplex & self landlording) in my local area to get started, but my tri-state area (CT/NY/NJ) has a high entry price point that I'm concerned with over leveraging myself and losing liquidity on my first deal. 

Someone who I respect (from @Sharon Vornholt's Probate Investing Simplified program) is a Rhino member and one of the reasons I gave that group the credibility to start checking it out.I still have not decided to pull the trigger, but do understand that $50 can be a lot of money if you don't get a return and $5000 can be nothing if you get a great return.

You need to do this stuff because it's too easy for tenants or potential buyers to neglect the water bill, and the Detroit Water and Sewer is high.

Hey Mitchell, Doing a fix and flip in today's market with high-interest rates can be challenging, but it isn't necessarily a bad idea.

Upfront expenses and monthly payments must be considered when calculating the return on your investment.EXAMPLEI will provide details below, but here's the short version for those who hate to read or do math.

No tax returns needed to qualify

I'd also highly advise against ever renting to anyone that has the intention of doing STR arbitrage.

As an EMD lender myself often there are late fees baked in to the agreement which mitigates the loss of return if the deal runs long.