And lots of things can go sideways on a flip - especially for beginners!

It also sounds like you really need to do your research on tenant laws.

I’m on my second property, which is my current home.

This was a great way to begin my journey, as my initial motivation for obtaining my real estate license was to purchase my own home, which I successfully did this year.Now, I’m embarking on a new adventure as a real estate investor.

I'm amazed more people don't pick up on this and act accordingly.  

So typically depreciation and expensing of costs usually happen on the placed in service date.

I would appreciate anyone’s comments on this type strategy good or bad and your opinion of these indexes.  

Would appreciate any feedback on those who have faced a similar issue.

Which is better in my situation - doing repairs myself (possibly $50k) and increase the likelihood of selling (not incurring holding cost of interest on HELOC and PITI on 30 yr/mortgage).

I work full time and have partnered with others in DFW on assignment of contract deals for a few years now.