Let's discuss your goals and create a plan to kickstart your real estate investment endeavors.

How do you know if you'll be legally allowed to convert a detached garage into living space or create any other type of square footage increase: attached garage conversion, basement or attic conversion, ADU, etc.

Quick general pointers, as already mentioned on this thread:- holding a flip property for a year changes nothing for taxes, in most cases- flip properties are not taxed as capital gain taxes and are not eligible for 1031s, in most cases- if you're a full-time broker and do not have other jobs, you will most likely qualify as a real estate professional- which does not exempt you from any taxes, but it can create other tax benefits, specifically allow you to apply losses from your rentals against your broker income- and there are other tax strategies that can help youFrom this point, you need to get yourself a tax pro.

*This post does not create a CPA-client relationship.

Quick increases in value are hard to come by, unless the area gets really hot and interest rates drop a lot, creating a frenzy.

The developer will perform per the workletter in the ground lease that details out HOW the out parcel pad is delivered to McD.

Propstream's gives way more property details, I even import lists from other places and propstream is able to easily populate the details within seconds.

The appraiser may need you to provide information such as purchase price, survey details, improvements made, legal description, etc.

Ask for a clear breakdown of costs and details about the extra expenses.

It comes down to setting expectations; did any of the applicants provide specific, detailed reasoning for backing out?