I do not know the normal wear and tear time frame for carpeting in the bedrooms and stairs?

We are seeing more new investors in our market buying right up to ARV. 

We are purchasing a SFH in a NEW resort in the Orlando Disney area.

@Matt Fore Yes it does have to be capital gain although there is some language that just references "gains" so we are waiting on additional guidance as to whether ordinary gains would qualify.I think the reason capital gains need to be invested into the funds instead of straight cash is that by recognizing a capital gain you are selling something which promotes economic activity (selling stocks, businesses, real estate, etc.)

Sort of like wearing two pairs of underwear just in case.Those seeing the necessity for LLC will argue strongly in there value.

We are looking for rehabs to flip in our area.

When the allure of owning real estate wears off, they start to realize that, but their exit strategy will most likely involve losing money unless we're still in this passive cash flow investing mania we are in.

We are moving soon anyway (work move), so it would not be difficult for us at this time. 

Obviously, we are looking at raising rents but we are also looking at "Rubs" Ratio Utility Billing system as an alternativ e.

We are happy to help you in any way we can.We are in Southern California as well.