I assume since I have plenty of basis, I would pay no tax as I'm not overdrawing my basis.

My experience is you get what you pay for.

Starting out in real estate with a focus on Section 8 rentals, the BRRR method, and Airbnb properties is a strategic approach.

So if I place the highest bid at an auction and they have said yes, you have won, then do I directly go to pay for this deal in all cash?

On May 30th we also presented them with a written lease, which they refused to sign.The tenant informed us verbally and through text message that they would pay the rent increase but would be moving at the end of August to low-income housing.

My goal is to pay off bills from the construction, remove my co-singer, and purchase another property out of NYC. - The loan is an FHA at 3.25% Please help before I do something stupid!!! 

Do you like cash flow and paying less taxes or are you looking for the highest potential returns with a bit more risk?

Since most rehab funds are non-Dutch, meaning you don't pay interest unless used, it acts as a safety net for hidden issues or new opportunities.

You do have to pay a fee for this, but if you have any questions on how to do it, feel free to reach out! 

I had a contractor that I had to fire last month for a multitude of reasons (using my materials on his other job, extremely substandard work that has to be redone by someone else now, not paying his subs,  lying about work being completed that was not actually done, etc).