Minimal updates.

Hi BPers,I'm converting my current property into a rental and want to maximize my write offs/depreciation and minimize my capital gains when it comes to sell.My house was purchased in 2012 for $265k.

If you do an llc in VA you can pay a registered agent and the fee is minimal.

Good cash-generating rental, planning to sell after 1 year to minimize capital gains tax.

Built in the 1950s home with minimal improvements done over the years and plenty of deferred maintenance.How we financed it:We financed through a HML at 9.95% and a bridge loan from a family friend at 10%.How we found it:The property was found off market through my partners connections as a local real estate agent.Improvements Made:Full gut.

Minimize risk and maximize profit/value.There is a property I just bought, it's a 2/1, and it's big enough to make a 3/1.

The house I bought(I paid 120K) is very run down but small enough to where I think I can renovate for minimal costs and  get a renter in there. 

Would like to minimize time between the offer and the move out date.

That's all I need.Actually instead of trying to do deals leveraged to the hilt, I show some risk management and investment management to minimize my exposure. 

Too many weak properties, your body isn't holding out, minimal support in a pinch from your wife or other handymen you know?