I get it...I get emotional with properties and buy into the sunk cost fallacy too.

Also you should inquire with insurance agents about the cost to insure.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.

Wholesaling is a great low cost way to make a lot of short-term cash, but it does not build long-term wealth.

Hard money typically refers to a company that has it's own underwriting guidelines, rates (9% - 15%), costs, draw process ect.

If you no longer have business operations in the old state, forming a new LLC in the new state and dissolving the old one may simplify compliance and tax obligations.Some states impose franchise taxes and annual fees that could make one option more cost-effective than the other.

FlooringScope of Work:Replace carpet in bedrooms with engineered hardwoodRefinish existing hardwood floors in common areasInstall durable tile in wet areas (bathrooms, laundry room)Estimated Cost: $20,0004.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Because it takes repetition for people to remember things and you have to be top-of-mind when they encounter a potential client for you!