Hello All,Good News:After some minor setbacks, including an AC leak in the attic that ruined a 5'x4' section of my ceiling two days before we were supposed to list on MLS, my first flip in Houston hit the market!

Hello All,Good News:After some minor setbacks, including an AC leak in the attic that ruined a 5'x4' section of my ceiling two days before we were supposed to list on MLS, my first flip in Houston hit the market!

Then I taught them how to move the assets around to package them for sales as small 4-8 houses per package for sales to passive investors (essentially a rental portfolio).But.... alas.... greed always creeps in (a human trait I suppose).

Am i supposed to take the Assigned Contract to the Tittle Comp myself along with the collected Earnest fee, or is the Buyer doing so?

Suppose you want to buy a few hundred acres, and then split them up into individual parcels and build a house on each one.

To be more conservative I could run numbers with $700 rent as well though two of the units are already renting for $750 and I think that is a fair price for the area.I suppose 10% for maintenance and capex combined may be a little low, especially at the beginning, though I think 10% for vacancy is pretty conservative to make up for it.Thanks for the comments, I appreciate the input since I haven't done a deal by myself yet and it can be pretty daunting to commit to that much debt on a property for the first time.

So, stating you are an investor I would suppose you would go with cash flowing assets.

I suppose it would really depend on what market you're flipping it into, as well as how much tear down you're doing.

I suppose that is a factor of how bad your original third party was to begin with. 

It's complicated but I believe in thinking things out first as if it didn't have the tax rule and then see if it makes better sense with it.Recaptured depreciation will make sense once you realized that if you take more depreciation than you were suppose to, and you won't know that until you sell the asset, you will need to pay it back.