Here’s the reality; the once every two or three or four years a GREAT deal falls in my lap, I (fortunately) have enough capital in reserve to purchase the property immediately for cash.

I own a victorian house that was fully gut renovated/modernized 18 years ago.

Cost could change but the bigger issue is making sure the usage is still eligible for the type of policy you have.As an example, at the time of application, a company might ask are all lease agreements for one year or longer. 

Not a lot of old school forum-type websites around that still attract a crowd! 

He was a flipper with a TV show ten years later.The best way to build a business: determine what the needs of the community are, then find a way to meet those needs.

Set of facts:- Lived in a residential unit as a primary residence for a number of years.- Converted to rental and depreciated it for 2 years.- Sold in 2023.- Purchase price: $250k- Sale price: $350k- Depreciation: $9k => Roughly ( ($250k*.50)/27.5yrs) *2yrs)- 2023 marginal bracket: 32%What is the proper taxation?

Way less fees, you could stretch it over 6-8 years, etc. 

Then a year later I plan to purchase another property with a goal to make me 5k a month in cash flow.

Typically given 30 days advance notice we can find a tenant and fill the unit within less than two weeks of the old tenant exiting.

More than likely its a 3 year or 5 year prepayment penalty - So you cannot sell it or refinance for 3-5 years.