Texas passed some new laws this year about wholesaling.

My current rental is free and clear and has about $220,000 of equity.  

I just finished meeting with the 3rd contractor on what is definitely about a 15k job.

Are there other ideas to make this deal work? 

Hello All,I am new to this site, so I'll start off with my introduction.

Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.

I have read that Texas usually prefers a warranty deed and looks down upon quitclaim but also that if something between family members that is just a removal it is okay.  

Been researching, reading, listening, but the big and rough thing for me is to make the right decision/s, since my option are a lot, or maybe they do not exist?

As someone else already mentioned here: focus on saving!

I would assume there are some people on here who have gone down the path of developing affordable housing projects for their respective markets.