I think you could make a substantial return with your capital.

The market is heating up in GA and real estate professionals seem confident yet nervous. Confident because prices seem to be heading up quickly and demand is strong. Nervous because it feels like prices are going up...

I am looking at a home (empty since 2010, foreclosure) in the Akron/Canton, OH area that has a substantial mold issue from a burst pipe.

Due to the influence of the "everyone can do it" gurus, we sometimes forget that people successful in any aspect of real estate have experience, knowledge and talent in that area.

I seriously doubt it.Justin Pierce,Also curious....if you had had an offer on your rehab substantially higher than what you sold it for, would you have turned it down?

Since they have appreciated substantially, we're thinking of 1031 some of these into income producing properties.

The easiest way to find one when you are starting out is marketing to your sphere of influence.

It's an interesting thing to think how much a random opinion can influence the outcome and I believe there is far too much fear of failure limiting endless deals as I write this.

By that point, we should have a substantial amount of capital and sufficient working experience/network to begin to work on BRRRR deals as well as flips, which "could" potentially lead us to becomme full time investors in the years to follow.Any input/suggestions?

. $100k in CG taxes is deferred.You cost seg this property, but due to reduced basis, the 30% extra depreciation is only $180k, and the tax savings are $70k.Your remaining basis is $420k rather than $700k, so your future available depreciation is substantially diminished, compared to Scenario A.ComparisonYou get $70k first-year savings under B, compared to $20k under A.