Just make sure you have a consistent policy for expensing items under this threshold, as the IRS looks for that consistency.In your case, if the Polyurea flooring is just making the garage look nicer and not really improving the structure or extending its life, you could argue it’s a repair.

The qualifying attributes are consistently: quick close, no tax return, limited documentation….

I no longer work from a place of scarcity.I set myself up for success and work from a place of abundance.I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.Embrace your mistakes, learn from them, and adapt.This is the only way to grow.

Are you factoring in soft expenses such as vacancy and cap ex which do not happen on a consistent basis but for which you may be budgeting.

I no longer work from a place of scarcity.I set myself up for success and work from a place of abundance.I have built my cash buyer list to close to 5,000 buyers, invested into a coaching program for private lending, and developed multiple exit strategies to be ready for any situation that presents itself.It let's me earn $40k per deal consistently today and occasionally hit some $90k+ homeruns.Embrace your mistakes, learn from them, and adapt.This is the only way to grow. 

In places like Indianapolis, for example, we’re seeing significant interest in build-to-rent (BTR) projects that offer consistent cash flow and long-term appreciation.

My most recent STR in Sacramento that I built did take a bit longer to build and was slightly over budget, however the returns have been great and revenue consistent.

A great way to start learning your market is by analyzing deals every day and connecting with other investors in the area to learn from them.Market research consists of understanding the driving factors of your markets economy.

Following up consistently.

Rents are mostly at market rate, and are for the most part, fairly consistent around the city.