Our holding time doubled and many deficiencies of the property came to light with the potential buyers who did view it.

I'm new to real estate investing. I'm looking to make my first purchase of a condo in what many consider a desirable area in Tampa Bay. This is not new construction but the condo is relatively modern by today's standa...

Check the numbers, try to assess if the neighbors are an issue, etc. 

@Arnav Mehta   Assess them for what they are. 

@Jarrad Berman - I looked at the DR Horton development online that you were referencing - as @Dena Puliatti noted, that location has potential appreciation long term given the growth in that area, mainly because there is a lack of available land otherwise toward Madison proper and Huntsville. 

Purchase price: $85,000 Cash invested: $21,750SFH turnkey property with high potential for gentrification in the areaWhat made you interested in investing in this type of deal?

And in reality it can take one major cap ex to drain months/years of cash flow, so ideally I’d prefer to fix anything with that could potentially become problematic within next few years with the financing used when purchasing.

What my plans are is to buy fixer upers that have good potential, I want to rebab them and get rented out at competing market value around the area's.

Of course we’ll never know how many potential suits an LLC prevented…  it’s an elucidating thread nonetheless.

Hi Batool,I saw a post you started a while back about traveling costs.You want to keep travel of your travel costs as they will likely be considered deductible or potentially start-up costsSome travel costs includeFlight, Hotel, Car Rental, Meals, mileage rateBest of luck