Purchase price: $270,000 Cash invested: $50,000 Sale price: $440,000 Purchased SFD from Wholesaler at $270,000, Used hard money rehab loan.

Hey @Colin RawlingsI just got back from speaking at the North Carolina Real Estate Investor Association in Wilmington, NC about financing.

I don't see many with any amenities at all and building them into a budget with only 4 units usually isn't feasible. 

No income at all.

I have never tested it in court but reviewing the lease it makes it clear that unless otherwise agree the rent is automatically increased at lease end to the weekly rate as its a beach property.

The current document you probably want to look at is this:https://www.irs.gov/publications/p925#en_US_2023_publink1000...Generally, the passive activity loss for the tax year isn’t allowed.

Hey All,We are looking at purchasing a deal in the east valley of Phoenix, Arizona in Mesa.

CALL A REALTOR , GOOGLE , LOOK AT THE VRBO SITES, 

But now I am wondering if those options have dried up and she is looking at the Mold issue as an excuse to not paying rent and dragging her foot.5) I verified their lease, I do see mold clause in there asking the tenant to inform immediately about any mold.Could you please advise ?

There are always good deals around so you didn't "miss" the opportunity, at least not entirely.