Ensure the property appraises at its updated post-renovation value to maximize the equity you can pull out.A refinance isn’t a taxable event, but transferring ownership to your LLC may affect depreciation or future capital gains.

Then they should decide if it is worth the risk to capital or not for the perceived upside.

Expenses for initial repairs before renting are usually capitalized and depreciated.

If you do a 1031 exchange, you can defer both the capital gains tax and the depreciation recapture, which is a nice benefit.

it sounds like you're really eager to deploy a bunch of capital into supposedly cheaper markets, but you're not going to cash flow $500 on a random single family anywhere unless you are self-managing and super hands-on and prepared to deal with rough turnovers.  

Hughes Private Capital offered a fund which was Guardian Fund LLC that purchased properties.

Primary Residence is taxed as short-term or long-term capital gains on sale and it may qualify for Sec 121 ExclusionIf you are classified as a Dealer you will pay ordinary income taxes on sale.

Fix and flip is too capital intensive and relies on being able to find a retail buyer so it's arguably more risky than a slow flip.

Several problematic findings arose when researching Norada Capital Management.1.

What I typically see investors do to get rolling is use a Heloc or cashout refi on an existing property to get the startup capital they need.