Louisville, KY been my home town for 20 years, that's the market I know the best. 

Purchase price: $177,000 Cash invested: $50,000 - Single-family home in a Residential area near the University of Rochester- Purchased flipped home without inspection, many costly hidden issues revealed after closing - Currently rented for $2,200.

For example,Late RentInsufficient FundsUtility ReconnectionReissue CheckA/C Clean ViolationPest ControlRenewalMove-Out AdministrationUnlock RequestKey RequestFailure to Return KeyPilot LightingGrilling ViolationGarbage ViolationClogged Drain / Tub / ToiletWindow ScreenHurricane Shutter ViolationSmoking ViolationLease Amendment AmendmentPet ApplicationUnauthorized PetGuest ViolationUnauthorized OccupantInspection (due to tenant violation)Yard RemediationPool RemediationSmart Home Device TamperExterior Maintenance ViolationParking ViolationCommunity Amenity ViolationMarketing (tenant early termination)Notice (due to tenant violation) PreparationNotice DeliveryLien ViolationSubleaseAssociation ViolationEviction (not including attorney’s fees and eviction costs)Rent Verification10.

Alternatively, you could also just apply a % annual appreciation based on historic data, but those typically won't give you the most accurate market data since they're averaged out across all/most property classes (e.g. a single family home may appreciate differently in your area than a mobile or multifam property, etc.) 

(The property’s home state and your state of tax residence will both want money if they collect income tax.)If the property is only in his name you avoid all the taxes by waiting until his death to give your daughter the property.

We purchased the home on 3/17/2023 for $180,000, invested $37,413 in renovations, and sold it for $325,000 on 7/30/2023.

Omg.. lol If no other details of the loan was given to the lenders how in the world would they know when I purchased said home?

I would suggest searching in areas that allow mobile homes because that is my most common inquiry.

He's also correct in that the septic systems are rated by the maximum total occupancy of the home (they don't count dens towards that occupancy).

With so many resources available, 100% financing programs, down payment assistance programs, urban development programs, places where sellers are begging you to buy their homes, and platforms like this for free training and guidance why do so many people who want to get in REI fail to actually get their first home under contract.