@Mike Arias  When you convert your property from your personal residence to a rental property, your basis is what you paid for the property originally plus renovations you do in preparing it for rental and minus the land value.

Primary Residence, $0 capital gain tax per kid or spouse up to $250,000 each or $500,000 total. 

I am looking for Flips or BRRRRs I believe initially to build up some cash and/or equity and cash flow, but would be open to having my strategy/goals challenged.With my previous business, I never took a paycheck and grew the revenue from ~80k to >2million annual revenue in 3-3.5 years and navigated a seller finance purchase of a overlapping/competing business.

It was sufficient for its purpose but will not provide me with any additional equity with the bank down the road to be used as leverage for the future.

Resident is complaining of musty smell in her apartment.

You're building equity and learning investing and saving $200 a month.Look at LOTS of properties.Good luck.

Despite the possibility of higher interest rates, they can have more accommodating qualifying requirements.If you currently own homes with a sizable amount of equity, you may be able to get funds for your down payment through a cash-out refinancing or a home equity line of credit (HELOC).

He still have a mortgage of 800k, and his equity is 400k.

Investment Info:Single-family residence buy & hold investment in Uniontown.

I now reside in Pa/ NJ area.