Completely gutted the property, opened the concept, added a full masterbath and everything brand new/ up to date on the interior with modern design.

There are plenty of people who do well in flipping, but there are a few reasons why this might not be the best option for you at the moment:- You can lose your shirt if you don't know what you're doing- You'll need enough capital to both buy the house and also fix it up- The market is starting to soften, so flips may not be as easy to sell as they would be in a very strong marketIf your goal is to start off with one property in 2019, one great option for you might be to combine the concepts of flipping and house-hacking. 

It basically eats your profit and you pay less taxes. 

Basically, I’m concerned that I’m making a bad decision and it’s going to be hard to rent out a townhouse in the price range of 2,800-3K or worst case scenario trying to sell in a couple years since buyer at 500k+ price points are typically more selective/picky.Anyone else own higher priced rentals in Biltmore area or Old town Scottsdale?

We don't give our tenants a "walk-through" list of steps to take, but rather, we either go physically ourselves to the property or call up our local handyman to check the basic things before we call in expensive electricians or plumbers.

If you're worried about the liability issue, there is no need for an LLC, just get an umbrella insurance policy that will cover you (basically same thing as LLC).

If I plan to replace the sheetrock and insulation, which I can do, we are basically talking about building a brand new house. 

Hello folks, I bought a duplex recently in SC via conventional loan, and I’m constantly looking for deals and I tend to find good ones every now and then but don’t want to deplete my cash reserves for the 25% down pay...

Near downtown, I am very bullish.Renting an apartment is basically a similar skillset compared to renting single family homes. 

I have a basic purchase offer contract and am comfortable with estimating offer pricing on my own.